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Treehouse Corporation prepares its Statement of Cash Flows using the direct method for operating activities. For the year ended December 31, 2019, Treehouse reports the
Treehouse Corporation prepares its Statement of Cash Flows using the direct method for operating activities. For the year ended December 31, 2019, Treehouse reports the following activity . Sales on account . Cash Sales . Decrease in Accounts Receivable . Increase in Accounts Payable . Increase in Inventory $2,250,000 975,000 890,000 128,000 96,000 1,585,000 Cost of Goods Sold Required: Determine the amount of cash collections from customers: $
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