Question: The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS. Sales $4,000 Cost

The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS. Sales $4,000 Cost of goods sold (1,700) Interest expense (350) Depreciation expense (800) Net income $1,150 Adjustments: a. Interest payable DECREASED by $60. b. Accounts receiveable DECREASED by $290. c. Inventory INCREASED by $500. d. Accounts payable DECREASED by $130. Note all accounts payable related to inventory purchases. Using the information, compute CASH COLLECTED FROM CUSTOMERS. $3,870 $4,130 $4,290 $4,160 $3,710

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