MCQ-00264The following information was taken from the current year financial statements of Planet Corp . :Accounts receivable, January 1 Accounts receivable, December 31 Sales on account and cash salesUncollectible accounts$21,60030,400438,0001,000No accounts receivable were written off or recovered during the year.If the direct method is used in the statement of cash flows, Planet should report cash collected from customers as: