Here is the Current Asset section for Breaking Bad Company as of December 31, 2020. Current Assets Cash Accounts Receivable Total Current Assets 2020 2019 $7,800 $7,900 2.000 3,000 13,800 10,900 During 2020, Breaking Bad recognized credit sales of $100,000. Using the information provided on Current Assets, how much cash did Breaking Bad collect on its Accounts Receivable in 2020? $100,000 $103,000 $99,000 $101,000 Gupta Dean's R Us March 31, 2020 bank statement indicated a balance of $60,000. While preparing the March 31 bank reconciliation, Gupta determined that outstanding checks total $7,000 and deposits in transit total $2,000. Assuming there are no other reconciling items, what cash balance should Gupta report on its March 31, 2020 Balance Sheet? $55,000 $60,000 $65,000 $69,000