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Please Answer with a T account Gobble Corp. reported the following information on its 12/31/Year...

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Accounting

Please Answer with a T account Gobble Corp. reported the following information on its 12/31/Year 10 balance sheet:
Accounts Receivable (net of allowance for doubtful accounts of $125,000) $1,375,000
During Year 11, Gobble recorded sales on account of $16,000,000. In July, it wrote off a long outstanding AR balance which totaled $75,000. At 12/31/Year 11, Accounts Receivable totaled $1,200,000. Gobble uses the percentage of receivables approach to estimate its allowance balance and determined that 8.5% was an appropriate balance.
28. How much cash was collected from customers in Year 11?
A. $16,175,000
B. $16,100,000
C. $16,225,000
D. $16,300,000

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