Hawthorne Industries' comparative balance sheets included accounts receivable of $221,400 at December 31, 2013, and $205,900 at December 31, 2014. Sales reported on Hawthorne's 2014 income statement amounted to
$2,550,000. What is the amount of cash collections that Hawthorne will report in the Operating Activities category of its 2014 statement of cash flows assuming that the direct method is used? Show your calculations.

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The Answer of Hawthorne Industries' comparative balance sheets included accounts receivable of $221,400 at December 31, 2013, and $205,900 at December 31, 2014. Sales reported on Hawthorne's 2014 income statement amounted to
$2,550,000. What is the amount of cash collections that Hawthorne will report in the Operating Activities category of its 2014 statement of cash flows assuming that the direct method is used? Show your calculations.

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