Wister Corporation had sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: EndingBeginningCash and cash equivalents$105,000 $132,000 Accounts receivable$168,000 $142,000 Inventory$472,000 $536,000 Accounts payable$74,000 $91,000 Retained earnings$364,000 $292,000 Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its sales adjusted to a cash basis (i.e., cash received from sales)?
A. $436,000
B. $462,000
C. $445,000
D. $488,000
Answer: A
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