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If a company ends year 1 with receivables of $126,000 and ends year 2 with receivables of $117,000 after recording sales of $875,000 in year
If a company ends year 1 with receivables of $126,000 and ends year 2 with receivables of $117,000 after recording sales of $875,000 in year 1 and $895,000 in year 2, how much cash was collected from sales in year 2?
A. $1,001,000
B. $1,021,000
C. $904,000
D. $1,012,000
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