Ricagan Gas provides gas utilities to a wide area of eastern tilinois. During the month of May, it billed 21,800 of its residential customers located in the town of Moline a cotal of $2,320,000 for electricity (this is considered revenue). In addibion, Reagan is required to collect the following taxes: a. State Excise Tax: A tax of $3.00 per customer plus 2% of billing used to fund the Kentucky Energy Commission b. Federal Excise Tax: A tax of $0.50 per customer plus 0.1% of billing used to fund the Federai Energy Commission Required: When required, round your answers to two decimal places. 1. Determine how much Reagan will bill these customers in total for the month of May. 2. Prepare the entry to record the biling of these amounts. If an amount box does not require an entry, leave it blank. 3. Prepare the entry to record the collection of these amounts. If an amount bok does not require an entry, leave it blank: 1. Determine how much Reagan will bill these customers in total for the month of May. 2. Prepare the entry to record the billing of these amounts. If an amount box does not require an entry, leave it blank. (Record sale) 3. Prepare the entry to record the collection of these amounts. If an amount box does not reguire an entry, leave it blankk (Record collection of receivables) 4. Prepare the entry to record the payment of the state excise taxes to the appropriate governmental unit. If an amount box does not require an entry, leave is blank. (Record payment)