Macrosoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable (amounts in millions). Accounts receivable, net of allowances of $410 and $378 Net sales revenue Current Year Prior Year $ 29,524 $ 26,181 65,769 64,297 According to its Form 10-K, Macrosoft recorded bad debt expense of $125 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account. Debit Allowance for Doubtful Accounts Credit Beginning Balance Ending Balance Debit Beginning balance Accounts Receivable (Gross) Ending balance Credit