Based on journal entries below for 2015 and 2016, what is Account Receivable in theCash Flow Statementin 2016? Once again, it is AR in Cash Flow, not in the Balance Sheet.

Apply FIFO.

2015

2016

You contributed $100 cash to start business

You purchased 6 products @ $10, with A/P

You sold 4 products @$30 with cash

Record COGS (FIFO)

You contributed $60 cash to your business

You purchased 2 products @ $15, with Cash

You sold 3 products @$40 with AR

Record COGS (FIFO)

You paid $30 to your supplier.

You received $50 from your customer.