McConnell Products, Inc, located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following (S in thousands): Current assets: Receivables, less allowances of $21,456 in 2015 and $23,779 in 2814 $837,610 $758,500 A disclosure note accompanying the financial statements reported the following (S in thousands) Year Ended 2015 2814 Calculation of account receivables, net: Receivables Less: allowance for doubtful accounts Less: reserve for product returns $859,866 $782,279 (8,908) (8,960) (12,548)(14,819) 5837,610 $758,500 Trade accounts receivable, net: Assume that the company reported bad debt expense in 2015 of $1,800 and had products returned for credit totaling $3,200 (sales price). Net sales for 2015 were $6,164,800 (all numbers in thousands) Required: 1. What is the amount of accounts receivable due from customers at the end of 2015 and 2014? 2. What amount of accounts receivable did McConnell write off during 2015 3. What is the amount of McConnell's gross sales for the 2015 fiscal yeor? 4. Assuming that all sales are made on s credit basis, what is the amount of cosh McConnell collected from customers during the 201 fiscal vear