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The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1$13,943Accounts Receivable, December 317,589Accounts Payable, January 14,165Accounts Payable, December

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

Accounts Receivable, January 1$13,943Accounts Receivable, December 317,589Accounts Payable, January 14,165Accounts Payable, December 318,924Merchandise Inventory, January 110,320Merchandise Inventory, December 3116,529Sales70,380Cost of Merchandise Sold32,257

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

a.$89,823

b.$64,026

c.$76,734

d.$70,380

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