Selected financial statement data for California Ltd, at its December 31 year end is below: 2018 2022 Current Assets Cash $32,000 $21,750 Accounts Receivable $247,500 $299,000 Inventory $2,762,300 $2,668,425 Prepaid expenses $6.200 $9.875 Total Current Assets $2.141.500 $1.986.000 Current Liabilities $3,048,000 Net Credit Sales $2,238,000 $2,999,050 $2,448,000 California's credit terms are net 30 days. A 2% discount can be taken if the bill is paid within 10 days from the invoice date. In 2018, California collects its accounts receivable Multiple Choice Activate Windows Go to Settingt ***