Question
Pastel Paints Company uses the direct method for preparing its statement of cash flow. Pastel reports the following information regarding 2017: From the income statement:
Pastel Paints Company uses the direct method for preparing its statement of cash flow. Pastel reports the following information regarding 2017: From the income statement: Sales Revenues, $ 269 comma 000$269,000 Cost of Goods Sold, $ 215 comma 000$215,000 Operating Expenses, $ 34 comma 000$34,000 From the balance sheet: Beginning Balance Ending Balance Accounts Receivable $ 14 comma 500$14,500 $ 18 comma 300$18,300 Merchandise Inventory 24 comma 00024,000 18 comma 20018,200 Accounts Payable 6 comma 8006,800 13 comma 70013,700 Accrued Liabilities 4 comma 5004,500 1 comma 5001,500 What amount will be shown for collections from customers
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