5. During 2015, Patnode recorded sales of $17,000. How much cash did it collect from its customers? O$17,000 $14,000 $3,000 Cannot be estimated Note that amortization of the license asset has been shown as a separate line item only for ease of calculations. Patnode, Inc. Comparative Balance Sheet Assets Liabilities Change Cha Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2014 Dec. 31, 2015 Current Assets Cash Accounts receivable Merchandise inventory Total current assets Current Liabilities Accounts payable Taxes payable Short-term debt Total current liabilities $41,000 $34,000 22,000 18,000 $74,000 $7,000 $13,000 7,000 10,000 $12,000 9,400 15,000 $30.400 $-1 3,000 (0,000) $4,000 25,000 12,000 $78,000 5 $ 6. $30.000 Non-Current Assets Machinery, at cost Less: Accumulated depreciation Machinery, net License, at cost Less: Amortization License, net Owners' Equity $15,000 3,000 12,000 15,000 3,000 12.000 Common stock Retained earnings Total Liabilities 10.000 34,000 22,000 38,000 3. $10,000 1,000 $10,000 3,000 2000 (2.000) $83.000 $97,000 $14, & Owners' Equity 7,000 9,000 S 97,000 $14.000 Total Assets $ 83,000