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25. (4 points) The following information pertains to R: Gross accounts receivable balance as of 12-31-14 was $875,000 Allowance for doubtful accounts balance as of

25. (4 points) The following information pertains to R:

Gross accounts receivable balance as of 12-31-14 was $875,000

Allowance for doubtful accounts balance as of 12-31-14 was $71,000

Total sales during 2015 (all sales were on a credit basis) were $5,123,000AR write-offs during 2015 were $64,000

Rs 12-31-15 AR aging analysis indicates a required balance in the allowance for doubtful accounts of $68,000.

The NRV of Rs receivables as of 12-31-15 was $975,000.

On the basis of the above, how much cash did R collect from its ARs during 2015?

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