Cash CollectionsDirect Method Stanley Companys comparative balance sheets included accounts receivable of $80,800 at December 31, 2009,

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Cash Collections—Direct Method Stanley Company’s comparative balance sheets included accounts receivable of $80,800 at December 31, 2009, and $101,100 at December 31, 2010. Sales reported by Stanley on its 2010 income statement amounted to $1,450,000. What is the amount of cash collections that Stanley will report in the Operating Activities section of its 2010 statement of cash fl ows assuming that the direct method is used?

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