OrangeAid, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages. The following represents selected data from recent financial statements of OrangeAid (dollars in millions): December 31, 20x2 ORANGEAID Consolidated Balance Sheets (partial) December (in millions) 31, 20x3 Assets Current assets: Cash and cash equivalents $ 223 Accounts receivable (net of allowances of $14 and $21, respectively) $ 74 524 543 Consolidated Statements of Income (partial) For the Year Ended December 31 (in millions) 20x3 20x2 20x1 Net sales $ 5,610 $ 5,486 $ 5,484 Net income $ 1,094 $ 846 $ 747 The company also reported bad debt expense of $5 million in 20x3, $11 million in 20x2, and $7 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented. Required 1 Required 2 Required 3 Record the company's write-offs of uncollectible accounts for 20x3. (If no entry is required for a transaction/event, select "No jour entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 Record the company's write-offs of uncollectible accounts for 20x3. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3? (Enter your answer in millions.) Cash collections for 20x3 million Required 1 Required 2 Required 3 Compute the company's net profit margin for the three years presented. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) 20x3 20x2 Net Profit Margin % % % 20x1