Question 14 2 pts Richmond Company is a wholesale distributor that buys products from manufacturers and then sells to local retailers. The following information is from Richmond Company's financial statements for 2019 and 2020. The company only has credit sales. Assume that the company has no bad debts. 2020 2019 Sales 1,300,000 Cost of goods sold Trade receivables 1,500,000 1,200,000 240,000 350,000 1,100,000 200,000 250,000 Inventories How much cash did Richmond Company collect from its customers in 2020? O $1,460,000 $1,260,000 $1,300,000 O $1,500,000