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MC Qu. 95 Hong Kong Clothiers reported revenue of... Hong Kong Clothiers reported revenue of $5,130,000 for its year ended December 31, 2018. Accounts receivable

MC Qu. 95 Hong Kong Clothiers reported revenue of...

Hong Kong Clothiers reported revenue of $5,130,000 for its year ended December 31, 2018. Accounts receivable at December 31, 2017 and 2018, were $320,300 and $353,000, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of:

Multiple Choice

$5,162,700.

$5,172,700.

$5,130,000.

$5,097,300.

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