Anjili Company had credit sales of $1,600,000. The beginning accounts receivable balance was $165.000 and the ending accounts receivable balance was $280000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period? a. S1,815,000 b. $1,600,000 $1,485.000 $1,765,000 The acquisition of land by issuing common stock is a noncash transaction that is not reported in the body of a statement of cash flows. b. a cash transaction and would be reported in the body of a statement of cash flows. a noncash transaction and would be reported in the body of a statement of cash flows. only reported if the statement of cash flows is prepared using the direct method. C d. 19. Which of the following items does not appear in the statement of cash flows under the direct method? Cash payments to suppliers. Cash collections from customers. Depreciation Expense. Cash from the sale of equipment. 20. At the beginning of the year, Swaim Company estimated annual overhead costs to be $400,000 and machine hours to be used at 200,000. Swaim uses machine hours as the base. Actual machine hours totaled 180,000 during the year. How much overhead did the company apply during the year? A) $444,444 B) $420,000 C) $360,000 D) Actual overhead costs are needed to determine