Assume the following: Accounts Receivable 1/1 $330,000 Accounts Receivable 12/31 $350,000 Allowance for Doubtful Accounts 1/1 ($24,000) Allowance for Doubtful Accounts 12/31 ($26,000) Credit Sales for the year $800,000 Bad Debt Expense for the year $12,000 Actual write-offs during the year $10,000 Question 1 How much cash was collected on account during the year based on the information above? Cash collected on account: 0.5 pts