Bradenton Corp. reported accounts receivable of $38,000 on its December 31, 2015, balance sheet. On December 31, 2016, accounts receivable had decreased to $29,000. Sales for the year amounted to $57,000. What is the amount of cash collections that Bradenton will report in the Operating Activities section of its 2016 statement of cash flows assuming that the direct method is used?

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The Answer of Bradenton Corp. reported accounts receivable of $38,000 on its December 31, 2015, balance sheet. On December 31, 2016, accounts receivable had decreased to $29,000. Sales for the year amounted to $57,000. What is the amount of cash collections that Bradenton will report in the Operating Activities section of its 2016 statement of cash flows assuming that the direct method is used?