Kyoto Joe, Incorporated, sells earnings forecasts for Japanese securities. Its credit terms are 3/25, net 50. Based on experience, 80 percent of all customers will take the discount. Assume 365 days per year. a. What is the average collection period? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. If the company sells 1,340 forecasts every month at a price of $2,440 each, what is its average daily balance sheet amount in accounts receivable? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Average collection period b. Average accounts receivable days