MC Qu. 17-66 During 2018, Krug Company reported... During 2018, Krug Company reported net sales of $1,025,000. During the year net accounts receivable increased $39,750 even though Krug wrote-off $7,150 of receivables as uncollectible; Krug uses the allowance method to account for bad debts. Krug's bad debt expense during 2018 was $20,500. How much cash was collected from customers during 2018? Multiple Choice o $ 964,750 o $ 971,900 o $ 957,600 o $1,037,100