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Pronghorn Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Pronghorn Company
Pronghorn Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Pronghorn Company reports the following: Sales on account $2000000 Cash sales 1114000 Decrease in accounts receivable 911000 Increase in accounts payable Increase in inventory Cost of goods sold 115000 79000 1570000 What is the amount of cash collections from customers reported by Pronghorn Company for the year ended December 31, 2024? $2203000 $3114000 $2911000 $4025000
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