The following selected account balances appeared on the financial statements of the Franklin Company. Use these balances to answer the question that follow.

Accounts Receivable, Jan. 1	$14,815
Accounts Receivable, Dec. 31	6,438
Accounts Payable, Jan. 1	4,234
Accounts Payable, Dec. 31	9,161
Inventory, Jan. 1	10,270
Inventory, Dec. 31	14,393
Sales	63,740
Cost of Goods Sold	35,132

The Franklin Company uses the direct method to calculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise suppliers. Determine the cash collections from customers.

Select the correct answer.

$63,740

$55,363

$67,190

$72,117