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The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS. Sales $ 4

The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS.
Sales $4,000
Cost of goods sold 1,700
Interest expense 350
Depreciation expense 800
Net income $1,150
Adjustments:
a. Interest payable DECREASED by $60.
b. Accounts receiveable DECREASED by $290.
c. Inventory INCREASED by $500.
d. Accounts payable DECREASED by $130. Note all accounts payable related to inventory purchases.
Using the information, compute CASH COLLECTED FROM CUSTOMERS.
$4,290
$4,130
$3,710
$3,870
$4,160

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