What is the Cash received from customers during the year?

 

The following items appeared on the financial statements of Washington Company. Accounts receivable, January 1 $13,000 Accounts receivable, December 31 9,000 Accounts payable, January 1 4,000 Accounts payable, December 31 7,000 Inventory, January 1 10,000 15,000 56,000 Inventory, December 31 Sales Cost of goods sold 31,000 Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers.