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What is the amount of cash collections from customers

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Question - Waterway Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Waterway Industries reports the following activity:

Sales on account $2090000

Cash sales 1117000

Decrease in accounts receivable 912000

Increase in accounts payable 107000

Increase in inventory 74000

Cost of good sold 1579000

What is the amount of cash collections from customers reported by Waterway Industries for the year ended December 31, 2018?

Reference no: EM132438477

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