The following information was taken from the 2014 financial statements of Glocken Corporation: Accounts receivable, January 1 . 2014 ................. $ 108,000 Accounts receivable, December 31 . 2014 ............... 152,000 Sales on account...................................... 2,190,000 Uncollectible accounts ............................... 5,000 No accounts receivable were written off or
recovered during the year. If Glocken prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2014?
a. $2,239,000
b. $2,234,000
c. $2,146,000
d. $2,141,000
C
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