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  3. on december 31, 2016, wellstone company reported n

On December 31, 2016, Wellstone Company reported net income of $73,000 and sales of $217,000....

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Accounting

On December 31, 2016, Wellstone Company reported net income of $73,000 and sales of $217,000. The company also reported beginning and ending accounts receivable at $19,500 and $27,000, respectively. Wellstone will report cash collected from customers in its 2016 statement of cash flows (direct method) in the amount of:

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