Maddox Resources has credit sales of $187,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. (Use 365 days in a year.) a-1. What is the average receivables balance? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Accounts recelvable balance a-2. What is the recelvables turnover? (Round the final answer to 2 decimal places.) Receivables turnover b. If Maddox offered a 3 percent discount for payment in 10 days and every customer took advantage of the new terms, what would the new average recelvables balance be? Use the full sales of $187,000 for your calculation of receivables. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) New recelvable balance c-1. If Maddox reduces its bank loans, which cost 13 percent, by the cash generatid from reduced recelvables, what will be the net gain or loss to the firm? Use the full sales of $187,000 for your calculation of recelvables. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to nearest whole dollar. Omit $ sign in your response.) Net Change c-2. Should Maddox Resources offer the discount? d-1. Assume the new trade terms of 3 HO, net 30 will increase sales by 23 percent because the discount makes Maddox price competitive. If Maddox earns 15 percent on sales before discounts, What will be the Net change in income? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.)