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 ($ in thousands): 2815 2814 Current assets Receivables, less allowances of $22,851 in 2815 and $25,174 in 2814 $839,418 $759,498 A disclosure note accompanying the financial statements reported the following (S in thousands) Year Ended (In thousands) $862,261 $784,574 2014 Calculation of account receivables, net Receivables Less: allowance for doubtful accounts Less: reserve for product returns (9,843) (9,95) Trade accounts receivable, net $839,41 $759,488 Assume that the company reported bad debt expense in 2015 of $2,700 and had products returned for credit totaling $3,335 (sales price). Net sales for 2015 were $6,209,800 (all numbers in thousands). Requlred: 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 year? 4. Assuming that all sales are made on a credit basis, what is the amount of cash McConnell collected from customers during the 2015 fiscal year? Complete this question by entering your answers in the tabs below