The following selected account balances appeared on the financial statements of Washington Company:

Accounts Receivable, January 1 $16,209
Accounts Receivable, December 31 6,108
Accounts Payable, January 1 4,533
Accounts Payable, December 31 8,086
Merchandise Inventory, January 1 7,281
Merchandise Inventory, December 31 13,264
Sales 62,595
Cost of Merchandise Sold 32,767
Washington Company uses the direct method to calculate net cash flow from operating activities. Cash collections from customers were

a.$52,494
b.$62,595
c.$85,315
d.$72,696

answer; i believe that the correct answer is ; (a) customer demand for the

answer; ///i believe the correct two answer are (1) paid in capital; and (2) earned   capital; good luck

answer; that person may have a larger tax bill to pay on income taxes;

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20