Question 2 (1.5 points) B-Lab Corp. had gross sales of $910,000 on credit during October. Sales returns and allowances were $75,000, and Cash discounts granted were $80,000. Note also that, $25,000 of the receivables became uncollectible, and thus were written off (direct method). > Required: (Solve this exercise on the reserved space from the ANSWER SHEET) a) Prepare a detailed presentation of the revenue section of the income statement. (0.75 points) b) Show the journal entries. Assume the appropriate amount of receivables it is collected. (0.75 points)