Use the information below for Washington Company to answer the following question. The following selected account balances appeared on the financial statements of Washington Company Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January 1 Accounts Payable, December 31 Merchandise Inventory, January 1 Merchandise Inventory, December 31 Sales Cost of Merchandise Sold $13,000 9,000 4,000 7,000 10,000 15,000 56,000 31,000 Washington Company uses the direct method to calculate net cash flow from operating activities Cash collections from customers were a. $45,000 b. $52,000 c. $60,000 d. $56,000