Question: I need the correct answer to this general accounting problem using the standard accounting approach. Greenway Inc. reported net sales of $400,000 for the year.

I need the correct answer to this general accounting problem using the standard accounting approach.

Greenway Inc. reported net sales of $400,000 for the year. During the year, accounts receivable increased by $12,000. Calculate the total amount of cash collected from customers during the year

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