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 $ 211 Accounts receivable (net of allowances of $13 and $20, respectively) 523 $ 63 538 Consolidated Statements of Income (partial) For the Year Ended December 31 (in millions) 20x3 20x2 20x1 Net sales $ 5,780 $ 5,656 $ 5,654 Net income $ 1,070 $ 851 $ 746 The company also reported bad debt expense of $8 million in 20x3, $14 million in 20x2, and $10 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 Complete this question by entering your answers in the tabs below. 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 journal entry required" in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) View transaction ist View journal entry worksheet Debit Credit General Journal No Transaction