Hawthorne Industries' Comparative Balance Sheets Included Accounts Receivable of $221,400

Essay

Hawthorne Industries' comparative balance sheets included accounts receivable of $221,400 at December 31,2016,and $205,900 at December 31,2017.Sales reported on Hawthorne's 2017 income statement amounted to $2,550,000.What amount of cash collections will Hawthorne will report in the Operating Activities category of its 2017 statement of cash flows assuming that the direct method is used? Show your calculations.