Randy's Rentals reported the following on its year-end balance sheets:

Randy's rents space to a number of tenants, all of whom pay their monthly rent on the 10th of the following month. Randy's reported rent revenue for 2016 of $64,200.
Required
How much cash did Randy's collect from its tenants during 2016? Explain your answer.

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December 31, 2016 December 31, 2015 Current Assets: Rent receivable $55,000 $35,800