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The following items were reported by Morris Plumbing Company: Accounts receivable, December 31, Year 2 $ 250,000 Accounts receivable, December 31, Year 1 225,000 Sales (net) for Year 2 1,000,000 All sales are on credit. Refer to Morris Plumbing Company. What was the total amount of cash collections from customers during Year 2? Oa. $975,000 Ob. $1,250,000 Oc. $1,025,000 Od. $1,225,000Exercise 11-38 Analyzing the Accounts A review of the statement of nancial position of Matvei Company revealed the following changes in the account balances: Required: 1. For each of the above items, indicate whether it produces a cash inow or a cash outow. a. Increase in accounts receivable v b. Increase in retained earnings v c. Decrease in salaries payable d. Increase in common shares e. Decrease in inventory Cash inow f. Increase in accounts payable Cash outow g. Decrease in long-term debt h. Increase in property, plant, and equipment v