question archive On December 31, 2021, Wellstone Company reported net income of $75,000 and sales of $209,000

On December 31, 2021, Wellstone Company reported net income of $75,000 and sales of $209,000

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On December 31, 2021, Wellstone Company reported net income of $75,000 and sales of $209,000. The company also reported beginning and ending accounts receivable at $16.000 and $26.500, respectively. Wellstone will report cash collected from customers in its 2021 statement of cash flows (direct method) in the amount of points

Multiple Choice

$219,500 

$235,500 

$110,000 

$198,500 

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