Lafayette Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The companys 2021 financial statements contain the following information ($ in millions):

	2021	2020
Balance Sheet: Accounts Receivable, net	$3,897	$3,461
Income Statement: Sales Revenue	$34,970	$32,996

A note disclosed that the allowance for doubtful accounts had a balance of $23 million and $47 million at the end of 2021 and 2020, respectively. Bad debt expense for 2021 was $44 million. Assume that all sales are made on a credit basis.

Required

1. What is the amount of gross (total) accounts receivable due from customers at the end of 2021 and 2020?
2. Record the summary journal entry for Sales Revenue for 2021.
3. Record the journal entry to recognize Bad Debt Expense for 2021.
4. Write-offs of Accounts Receivable:
   1. What is the amount of bad debt write-offs during 2021?
   2. Record the journal entry for the bad debt write-offs for 2021.
5. Collections of Accounts Receivable:
   1. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2021.
   2. Record a summary journal entry to record collections of all receivables for 2021.