Question: During 20X2 , its second year in operation , Banner Company delivered goods to customers for which customers paid or promised to pay $ 5,850,000

During 20X2 , its second year in operation , Banner Company delivered goods to customers for which customers paid or promised to pay $ 5,850,000 . Assume all sales were on account and the amount of cash collected from customers was $ 5,960,000 . The amount of trade receivables at the beginning of 20X2 was $ 1,200,000 . Based on this information , what is the amount of trade receivables that Banner would report at the end of 20X2 ?

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