Thomas Ltd Uses the Direct Method to Prepare Its Cash

Multiple Choice

Thomas Ltd uses the direct method to prepare its cash flow statement.Refer to the following information reported for the year 2016: Sales revenue,$41,000
Interest revenue,$700
Accounts receivable,beginning balance,$13,500
Accounts receivable,ending balance,$26,000
There were no amounts reported for Interest receivable.
In the operating activities section of the cash flow statement,what amount will be shown for total cash receipts?

A) $13,500
B) $54,500
C) $29,200
D) $26,000