Oliver Company provided the following information for the years 20X1 and 20X2:

Oliver Company

Income Statement

For the Year Ended December 31, 20X2

1	Sales	$75,000.00
2	Cost of goods sold	(20,000.00)
3	Depreciation expense	(2,000.00)
4	Other expenses	(13,000.00)
5	Net income	$40,000.00

Oliver Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

1		20X1	20X2
2	Assets:
3	Cash	$24,600.00	$64,600.00
4	Accounts receivable	$5,400.00	$9,200.00
5	Inventory	8,000.00	6,000.00
6	Property, plant and equipment	160,000.00	175,000.00
7	Accumulated depreciation	(18,000.00)	(20,000.00)
8	Land	20,400.00	47,000.00
9	Total assets	$200,400.00	$281,800.00
10	Liabilities and Equity:
11	Accounts payable	$8,600.00	$10,000.00
12	Mortgage payable	0.00	40,000.00
13	Stockholders equity	191,800.00	231,800.00
14	Total liabilities and stockholders equity	$200,400.00	$281,800.00

Required:

1.	Calculate the change in cash flows that serves as the control figure for the statement of cash flows.
2.	Prepare a schedule that provides operating cash flows for the year 20X2 using the indirect method.
3.	Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 20X2. Given this information and assuming that the operating cash flows for 20X2 are $41,000, calculate the ending balance for accounts receivable.