Cash Collectlons-Direct Method Laurel Corp. reported accounts receivable of $28,000 on its December 31,2016 , balance sheet. On December 31,2017 , accounts receivable had decreased to $19,000. Sales for the year amounted to $53,000. What is the amount of cash collections that Laurel Corp. Will report in the Opecating Activities section of its 2017 statement of cash flows assuming that the direct method is used