On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands): Current Year 13,589 60,420 Prior Year 11,338 51,122 $ $ Accounts receivable, net of allowances of $153 and $117 Net sales revenue According to its Form 10-K, Hassell recorded bad debt expense of $88 and there were no bad debt recoveries during the current year. (Hint: 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 T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. (Enter your answers in thousands not in dollars.) Beg. bal. Accounts Receivable (Gross) 11,455 58,081 60,420 52 13,742 Net sales End. bal. On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands): Current Year 13,589 $ 60,420 Accounts receivable, net of allowances of $153 and $117 Net sales revenue Prior Year 11,338 51,122 $ According to its Form 10-K, Hassell recorded bad debt expense of $88 and there were no bad debt recoveries during the current year. (Hint: 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 T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount of bad debts was written off during the current year? (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts 117 Beg. bal. 88 Bad debt expense Write-offs 205 End. bal. Required 1 Required 2 >