Question: D Question 25 4 pts Selected balance sheet information for the Lee Company at 12/31/2020 and 12/31/2019 is presented below: 12/31/2020 12/31/2012 Accounts receivable $110,000

D Question 25 4 pts Selected balance sheet information for the Lee Company at 12/31/2020 and 12/31/2019 is presented below: 12/31/2020 12/31/2012 Accounts receivable $110,000 $140,000 All sales are made on account. If the income statement reports sales revenue for the period of $460,000, the statement of cash flows should report cash collections from customers of a. $710,000 b. $460,000 O c $490,000 d. $430,000 e. $30,000 45

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