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Required information On January 1. 2011 Grace Company had an $17000 balance in the Accounts Receivable account and a zero balance in the Allowance for

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Required information On January 1. 2011 Grace Company had an $17000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2011. Grace provided $59,000 of service on account. The company collected $48,180 cash from account receivable. Uncollectible accounts are estimated to be 20% of sales on account. Based on this information, the amount of cash flow from operating activities that would eappear on the 2011 statement of cash flows is Multiple Choice Prev

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