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Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $320,700 and

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Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $320,700 and $353,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Multiple Choice $5,192,600. $5,182,600. $5,150,000. $5,117,400

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