Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. In a recent annual report, Microsoft reported the following information about accounts receivable and net sales revenue: According to its annual report, Microsoft recorded bad debt expense of $98 during the current year and did not reinstate any previouslywritten-off accounts. Required: 1. What amount of bad debts was written off during the current year? 2. Assuming that all of Microsoft's sales during the period were on open account, compute the amount of cash colledind from customers for the current year