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Tropical Tours reported revenue of &403,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $35, 300 and

Tropical Tours reported revenue of &403,000 for its year ended December 31, 2016. Accounts receivable at December 31, 2015 and 2016, were $35, 300 and $30, 700, respectively. Using the direct method for reporting cash flows from operating activities. Tropical Tours would report cash collected from customers of. $407, 600. $398, 400. $438, 300. $403,000

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