Bramble Clinic purchases land for $174800 cash. The clinic assumes $1700 in property taxes due on the land. The title and attorney fees totaled $900. The clinic has the land graded for $2500. What amount does Bramble Clinic record as the cost for the land? O $157700 O $179900 $157400 $174800 The financial statements of Waterway Manufacturing Company report net sales of $560000 and accounts receivable of $75000 and $85000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? 104.2 48.9 55.4 52.1