The following selected account balances appeared on the financial statements of Sanchez Company:
Accounts Receivable, January 1 $13,000
Accounts Receivable, December 31 9,000
Accounts Payable, January 1 4,000
Accounts Payable, December 31 7,000
Merchandise Inventory, January 1 10,000
Merchandise Inventory, December 31 15,000
Sales 62,000
Cost of Merchandise Sold 31,000
Sanchez Company uses the direct method to calculate net cash flow from operating activities. Cash received from customers is
a.$62,000.
b.$66,000.
c.$75,000.
d.$58,000.