Leo Company reported sales of $200,000 during Year 2. Assume that all sales are credit sales. Leo's balance sheets for Year 2 and Year 1 showed the following: Year 2Year 1Accounts receivable$90,000 $80,000 Accounts payable 64,000 60,000 Based on this information, how much cash did Leo collect from sales during Year 2?
A. $204,000
B. $210,000
C. $190,000
D. $290,000
Answer: C
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