Calculate the amount of cash received from customers during the year? The following items appeared on the

Calculate the amount of cash received from customers during the year?

 

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The following items appeared on the financial statements of Washington Company Accounts receivable, January 1 $14,269 Accounts receivable, December 31 8,642 Accounts payable, January 1 5,929 Accounts payable, December 31 9,757 Inventory, January 1 5,551 Inventory, December 31 16,386 Sales 72,835 Cost of goods sold 35,898 Washington Company uses the direct method to report cash flows from (used for) operating activibes. Assume that all accounts payable are owed to merchandise suppliers The following items appeared on the financial statements of Washington Company Accounts receivable, January 1 $14,269 Accounts receivable, December 31 8,642 Accounts payable, January 1 5,929 Accounts payable, December 31 9,757 Inventory, January 1 5,551 Inventory, December 31 16,386 Sales 72,835 Cost of goods sold 35,898 Washington Company uses the direct method to report cash flows from (used for) operating activibes. Assume that all accounts payable are owed to merchandise suppliers

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