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What statement of cash flows in the amount of

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Question 1: On December 31, 2021, Wellstone Company reported net income of $73,000 and sales of $209,000. The company also reported beginning and ending accounts receivable at $15,500 and $28,500, respectively. Wellstone will report cash collected from customers in its 2021 statement of cash flows (direct method) in the amount of:

Multiple Choice

Option 1: $196,000.

Option 2: $237,500.

Option 3: $222,000.

Option 4: $120,500.

Reference no: EM132605784

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