Question: 1. XYZ Company uses the direct method for reporting its Statement of Cash Flows. The beginning balance in accounts receivable is $40,000, the ending balance

1. XYZ Company uses the direct method for reporting its Statement of Cash Flows. The beginning balance in accounts receivable is $40,000, the ending balance is $35,000, and sales during the period are $130,000. What are cash receipts from customers? show working.

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