Last year Lawn Corporation reported sales of $230,000 on its income statement. During the year, accounts receivable increased by $24,000 and accounts payable increased by $29,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be: $201,000 $225,000 $235,000 $206,000 Last year Anderson Corporation reported a cost of goods sold of $105,000. The company's inventory at the beginning of the year was $12,000, and its inventory at the end of the year was $20,500. The prepaid expense account increased by $2500 between the beginning and end of the year, and the accounts payable account decreased by $4500. Cost of goods sold adjusted to the cash basis under the direct method would be: $116,000 $112,000 $118,000 $98,000 The ending balance of accounts receivable was $72,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $357,000. Sales reported on the income statement were $382,500. Based on this information, the beginning balance in accounts receivable was: $46,500 $25,500 $97,500 $98,500