Calculator The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 $16,040 8,409 Accounts Receivable, December 31 Accounts Payable, January 1 4,417 Accounts Payable, December 31 9,060 Merchandise Inventory, January 1 8,492 Merchandise Inventory, December 31 15,618 Sales 67,004 Cost of Merchandise Sold 31,491 Washington Company uses the direct method to calculate net cash flow from operating activities. Cash collections from customers were Oa. $59,373 Ob. $88,112 Oc. $67,004 d. $74,635 )