Microsoft develops, produces, and man information about not sales revenue and of computer salware, including the Windows operating system. On its recent financial statements, Microsoft reported the following vable amounts in millions) Current Year $ 12,789 61.120 Accounts receivable, ret of allowances of si Nov $ 11,738 51,722 According to its Form 10-K, Microsoft recorded bad debt expense of S108 and there were no bad debt recoveries during the current year (int Refer to the summary of the effects of accounting bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T accounts. Use the T-accounts to solve for the missing values) Required: 1. What amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.) Allowance for Doubtful Accounts Bog bal. Bad debt expense 10 End bal 239 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were an open account. (Enter your answers in millions not in dollars.) Accounts Receivable (Gross) Dog ha 11.06 6110 50 961 Cash collections hot sales End. Da Microsoft develops, produces, and markets a wide of computer software, including the information about net sales revenue and accounts receivable amounts in milions) indows operating system. On its recent financial statements, Microsoft reported the following Pror Accounts receivable, not of bowances of $152 and $131 $ 12,789 61.120 $ 11,758 1.22 According to its Form 10-K, Microsoft recorded bad debt expense of S108 and there were no bad debt recoveries during the current year (int Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.) Allowance for Doubtful Accounts nter your 2. Based on your answer to requirement (1) solve for cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open acco answers in millions not in dollars.) Accounts Receivable (es)