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Sunland Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2021, Sunland Company reports
Sunland Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2021, Sunland Company reports the following activity: Sales on account $2050000 Cash sales 1103000 910000 Decrease in accounts receivable Increase in accounts payable 108000 Increase in inventory 71000 Cost of good sold 1572000 What is the amount of cash collections from customers reported by Sunland Company for the year ended December 31, 2021? O $2243000 O $3153000 O $4063000 O $2960000
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