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Cash collections from customers during 2010 were $300,500, while net accounts receivable increased $5,000. Sales reported on the income statement were: A) $300,500 B) $295,500

Cash collections from customers during 2010 were $300,500, while net accounts receivable increased $5,000. Sales reported on the income statement were:

A) $300,500

B) $295,500

C) $305,000

D) $310,500

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