Use the following information to calculate ending balance in accounts receivable. (This is a tricky question. All the information is relevant. Set up T-accounts or a spreadsheet to help.)

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Accounts receivable at the beginning of the period Revenue for the period (there are no cash sales) $125,000 750,000 Unearned revenue at the beginning of the period Unearned revenue at the end of the period 15,000 12,000 Cash collected-accounts receivable 705,000 Cash collected-unearned revenue 16,000