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Leo Company reported sales of $200,000 during Year 2. Leo's balance sheets for Year 2...

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Accounting

Leo Company reported sales of $200,000 during Year 2. Leo's balance sheets for Year 2 and Year 1 showed the following: Year 2 Year 1 Accounts receivable $ 90,000 $ 80,000 Accounts payable 64,000 60,000 Based on this information, how much cash did Leo collect from sales during Year 2? Multiple Choice

$204,000

$210,000

$290,000

$190,000

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