Singleton Inc. had accounts receivable of $22,150 at January 1, 2019, and $26,850 at December 31, 2019.

Question:

Singleton Inc. had accounts receivable of $22,150 at January 1, 2019, and $26,850 at December 31, 2019. Net income for 2019 was $125,300 and sales revenue was $1,240,000.
Required:
Compute the amount of cash collected from customers using the direct method?

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