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Hong Kong Clothiers reported revenue of $5,160,000 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 $5,160,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021 were $320,700 and $353,100, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothes would report cash collected from customers of. Multiple Choice O $5,202,400 O $5,192,400 O $5,127,600 O $5,160,000

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