Q2. (7 points) A company that operates a chain of hospitals in the United States reports the following information in its income statement for the year ended Dec. 31, 2010 (All revenues are generated from credit sale): Revenues 5,115,000 Bad Debt Expense 628,000 Income from Operations 490,000 In addition, the following information is provided on the balance sheet: Dec 31, 2010 Dec. 31, 2009 106,000 Cash 102,000 Accounts receivable, net (less allowance for doubtful accounts of 495,000 and 456,000 at Dec. 31 2010 and 2009, respectively) 759,000 656,000 The company uses the aging of A/R method to estimate the allowance for uncollectible amounts. 1) How much debt did the company write-off in 2010? (3 points) 2) How much cash did the company collect from its customers in 2010? (4 points)