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QUESTION 59 The following items were reported by Morris Plumbing Company Accounts receivable, December 31, 2020 $ 250,000 Accounts receivable. December 31, 2019 225.000 Sales

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QUESTION 59 The following items were reported by Morris Plumbing Company Accounts receivable, December 31, 2020 $ 250,000 Accounts receivable. December 31, 2019 225.000 Sales for 2020 1,000,000 What amount would be reported in the operating activities section of the statement of cash flows for Collections from Customers under the direct method, assuming that all sales encoder a $1,025,000 1. $1,250,000 c. $975.000 d. $1,225,000

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