Use the following information for questions 20 and 21: During the year, Xanadu Corp. made sales (assume all sales were credit sales) and collected cash from customers (ie collected on Accounts Receivable). The following information was reported in the company's financial statements: From the income statement Bad Debt Expense $300 From the balance sheet 15,000 17000 2,500 1,800 Beginning Accounts Receivable Ending Accounts Receivable Beginning Allowance for Doubtful Accounts Ending Allowance for Doubtful Accounts Note these financial statement amounts are AFTER all adjusting entries have been made - so all journal entries that SHOULD have been made to any relevant accounts HAVE ALREADY BEEN MADE and are reflected in the financial statements Cash collected from customers during the period was $196,000 (assume all sales were made on credit)