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  3. sunnyside inc. reported the following information:

Sunnyside Inc. reported the following information: Accounts Receivable, December 31,2020 $350000 Accounts Receivable, December 31,2021...

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Accounting

Sunnyside Inc. reported the following information:

Accounts Receivable, December 31,2020 $350000

Accounts Receivable, December 31,2021 $410000

Total Net Income for 2021 $120000

Collections from Customers $500000

Compute the amount of collections on account for 2021?

Can you please answer this question with details? I have got the answer, but I don't understand the process.

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