Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information ($ in millions): 2017 2016 Balance...

Required 1-4?

Extracted text: Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information ($ in millions): 2017 2016 Balance sheets: Accounts receivable, net $ 4,612 $ 4,176 Income statements: Sales revenue $36,985 $35,011 A note disclosed that the allowance for uncollectible accounts had a balance of $36 million and $60 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $57 million. Assume that all sales are made on a credit basis. Required: 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016? 2. What is the amount of bad debt write-offs during 2017? 3. Analyze changes in the following Accounts Receivable (gross) T-account to calculate the amount of cash received from customers during 2017. 4. Analyze changes in the following Accounts Receivable (net) T-account to calculate the amount of cash received from customers during 2017.