First of all ... my gratitude to Ruwim.B for holding my hand through this ordeal which gave me the motivation to keep digging. Finally the solution I found is the following:
I think that's self-explanatory but if not I will be glad to answer any questions.
One final question which I have: This is not a Skype problem. I posted it to the Skype section simply because that was the app complaining about not being able to find the mic. How to I get this to the Windows OS section where it belongs?
I can't help but wonder if problems such as this happen less often when the hardware and software are from the same company?
Bob