SHE Management Corporation Had Accounts Receivable of $105,000 and $120,000

Multiple Choice

SHE Management Corporation had accounts receivable of $105,000 and $120,000 on January 1, 2020, and December 31, 2020, respectively. Sales on account in 2020 were $310,000. The amount of
Collections o be reported on the statement of cash flows under the operating activities is:

A) $15,000
B) $325,000
C) ($15,000)
D) $295,000