Alex Company prepares its statement of cash flows for operating activities. For the year ended December $31,2018,$ Alex Company reports the following activity: Assuming that the direct method is used, what is the amount of cash collections from customers reported by Alex Company for the year ended December $31,2018?$Bagel Co$.\text{'}$s prepaid insurance was $$190,000$ at December $31,2021$ and $$90,000$ at December $31,2020.$ Insurance expense was $$62,000$

for $2021$ and $$54,000$ for $2020.$ What amount of cash disbursements for insurance would be reported in Bagel's $2021$ net cash provided

by operating activities presented on a direct basis?

CPA Adapted

$$128,000$

$$198,000.$

$$62,000$

$$162,000.$