9) The records of the Singh Company were partially destroyed in a food. The Company does not know the sales revenue that has been generated during the year, but it knows that 75 percent of its sales have been on account. Furthermore, the Company knows that the beginning and ending balances of its accounts receivable were $31,000 and $35,000, respectively. Cash collections on credit sales were $260,000 from the beginning of the year until the flood occurred. What were the total sales for the year until the time of the flood?

O a. $264,000

O b. $352.000

O C. $198,000

O d. $341,333

Oe. Total sales cannot be determined without additional information.

10) The Accumulated Depreciation account of a particular asset reflects O a The total of all depreciation expenses already taken on the asset O b. The amount of depreciation to be taken in future periods. O c. Depreciation expense for the current accounting period only. O d. None of the other statements: