The following information is related to December 31, 2021 balances . $1590000 . Accounts receivable Allowance for doubtful accounts (credit) Cash realizable value (102000) . 1488000 During 2022 sales on account were $398000 and collections on account were $218000. The company wrote off $20200 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. The change in the cash realizable value from the balance at 12/31/21 to 12/31/22 was O $138000 increase O $117800 increase. O $140000 increase. O $163800 increase. The financial statements of the Cheyenne Corp. report net sales of $324000 and accounts receivable of $56400 and $26400 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation) O 56.7 O 87.1 46.6 O 36.4