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Question 36 A company reported sales of $295,000 during Year 2. Assume that all sales are credit sales. The company's balance sheets for Year 2

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Question 36 A company reported sales of $295,000 during Year 2. Assume that all sales are credit sales. The company's balance sheets for Year 2 and Year 1 showed the following: Year 2 Accounts receivable $ 128,0 00 102,0 00 Year 1 118, 000 98,0 00 Accounts payable Based on this information, how much cash did the company collect from sales during Year 2? $299,000 $305,000 O $423,000 $285,000

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