Content Area Cash Collections-Direct Method Emily Enterprises comparative balance sheets included accounts receivable of $300,400 at December 31, 2016, and $245,800 at December 31, 2017. Sales reported on Emily's 2017 income statement amounted to $2,731,100. What is the amount of cash collections that Emily will report in the Operating Activities category of its 2017 statement of cash flows assuming that the direct method is used