The entity New Brunswick Pty Ltd submits the following financial data for your review. Accounts receivable at 1 July 2019 $210,000; Accounts receivable at 30 June 2020 $190,000; Credit sales $620,000 and Sales Returns (assume no cash paid for sales returns) $30,000.

Allowance for doubtful debts at 1 July 2019 $12,000; Allowance for doubtful debts as at 30 June 2020 $20,000 and bad debt expense $14,000.

The financial period is from 1 July 2019 to 30 June 2020.

Disregard GST for this question.

Required:

What amount would be reported for receipts from customers in the Statement of Cash Flow for the period ending 30 June 2020?

Group of answer choices

Inflow $604,000

Inflow $664,000

Inflow $610,000

Inflow $564,000

Inflow $616,000