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Wildhorse Co. had net accounts receivable of $180.000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $4.920,000. At December 31, 2022, the company had net receivables of $230,000. Compute the average collection period in days. (Round answer to 1 decimal place, eg. 2.5. Use 365 days for calculations.) Average collection period days Presley Supply Co. has the following transaction related to notes receivable during the last 2 months of 2020. Nov. 1 Dec. 11 16 Loaned $30,000 cash to Logan Ransey on a 1-year 10% note. Sold goods to be Joe Noland, Inc., receiving a $9.000, 90-day, 8% note. Received a $4,000. 6-month, 9% note in exchange for Jane Brock's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 31 Date Debit Credit Account Titles and Explanation Notes Receivable Nov. 1 30000 Cash 30000 Dec. 11 Notes Receivable 9000 Sales Revenue 9000 16 4000 Notes Receivable Accounts Receivable 4000 31 Interest Receivable 555 Interest Revenue 555 Record the collection of the Ransey note at its maturity in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Nov. 1