1. In its December 31, 2020, financial statements, Company reports gross accounts receivable of $200,050, bad debt expense of $4,025. and allowance for bad debt of $6,000. During 2020, also wrote off $3,080 in accounts receivable and collected $325,060 from customers.

What is the NET ACCOUNT RECEIVABLE?

2.

Calculate the ending cash balance in 2020 using the following information:

	2020
Beginning cash balance	90
Capital expenditures	-85
Net cash flow from financing activities	250
Net cash flow from operating activities	-120
Gain on sale of equipment	15
Depreciation	-50
Dividends paid	-65
Net cash flow from investing activities	-80
Net income	-80
Ending cash balance	??

The ending cash balance is: