E8.19 (LO 4), AN Bailey Corp. significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $38,000 and ending receivables of $191,000. Credit sales were $380,000 Determine cash flows and evaluate quality of earnings . Instructions a. Determine cash collections during the period . b. Discuss how your findings in part (a) would affect Bailey Corp.'s quality of earnings ratio . (Do not compute .) c. What concerns might you have regarding Bailey's accounting ?