Alex Company Prepares Its Statement of Cash Flows Using the Direct

Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2015, Alex Company reports the following activity: $\begin{array}{lr}\text { Sales on account } & \$ 1,400,000 \\\text { Cash sales } & 740,000 \\\text { Decrease in accounts receivable } & 610,000 \\\text { Increase in accounts payable } & 72,000 \\\text { Increase in inventory } & 48,000 \\\text { Cost of qood sold } & 1,050,000\end{array}$ What is the amount of cash collections from customers reported by Alex Company for the year ended December 31, 2015?

A) $2,140,000
B) $2,010,000
C) $2,750,000
D) $1,530,000