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The following selected account balances appeared on the financial statements of the Washington Company: Accounts receivable, Jan. 1 $14,248 Accounts receivable, Dec. 31 6,232 Accounts

The following selected account balances appeared on the financial statements of the Washington Company:

Accounts receivable, Jan. 1 $14,248
Accounts receivable, Dec. 31 6,232
Accounts payable, Jan. 1 5,804
Accounts payable, Dec. 31 8,672
Merchandise inventory, Jan. 1 8,894
Merchandise inventory, Dec. 31 15,216
Sales 64,562
Cost of merchandise sold 34,702

The Washington Company uses the direct method to calculate net cash flow from operating activities. Cash collections from customers were

$87,054

$72,578

$56,546

$64,562

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