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An extract of Werner Ltd's Statement of Profit or Loss for the current year is as follows: Sales $50,000 Cost of sales 42.000 30,000 Other

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An extract of Werner Ltd's Statement of Profit or Loss for the current year is as follows: Sales $50,000 Cost of sales 42.000 30,000 Other operating expenses (including depreciation expense) Bad debts expense 2,600 Additional information: a) Depreciation expenses were $4000. b) Inventory decreased by $6,000 c) Accounts payable increased by $4,400 d) Prepaid expenses decreased by $2,000 e) Accrued expenses payable increased by $3,000 f) Accounts receivable increased by $6,000 g) Allowance for doubtful debts increased by $1000 Required: What was the amount of cash receipts from customers for the current financial year? (Input number only, no currency symbols)

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