Derive sales revenue from data in the statement of cash flows and balance sheet. Microchem

Corporation reported a balance of 5,196 million in accounts receivable at the beginning

of the year and 5,334 million at the end of the year. Its statement of cash flows using the

direct method reported cash collections from customers of 33,551 million for the year.

Assuming that Microchem Corporation makes all sales on account, compute the amount

of sales during the year.