TB Problem 7-170 (Algo) Cordova, Incorporated, reported the following... Cordova, Incorporated, reported the following receivables in its December 31, 2023, year-end balance sheet: Current assets: Accounts receivable, net of $56,000 in allowance for uncollectible accounts $ 388,000 21,500 450,000 Interest receivable Notes receivable Additional information: 1. The notes receivable account consists of two notes, a $110,000 note and a $340,000 note. The $110,000 note is dated October 31, 2023, with principal and interest payable on October 31, 2024. The $340,000 note is dated March 31, 2023, with principal and 8% interest payable on March 31, 2024. 2. During 2024, sales revenue totaled $2,160,000, $2,020,000 cash was collected from customers, and $45,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 9% of year-end gross accounts receivable. Required: 1. In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Cordova's 2024 income statement? 2. Calculate the receivables turnover ratio for 2024, Note: Round your answer to 2 decimal places. 1. Interest revenue 1. Bad debt expense 2. Accounts receivable turnover ratio