The following selected account balances appear on the financial statements of Washington Company: Accounts Receivable, January 1 $15,964 Accounts Receivable, December 31 8,808 Accounts Payable, January 1 5,174 Accounts Payable, December 31 8,377 9,437 15,297 70,303 33,770 Washington Company uses the direct method to determine net cash flows from operating activities. Cash received from customers during the year is Merchandise Inventory, January 1 Merchandise Inventory, December 31 Sales Cost of Merchandise Sold a. $91,010 b. $63,147 Oc. $70,303 O d. $77,459

The following selected account balances appear on the financial statements of Washington Company: Washington Company uses the direct method to determine net cash flows from operating activities. Cash recelved from customers durino the year is a. $91,010 b. $63.147 c. $70,303 d. $77,459