Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following information reported for the year 2014:
• Sales revenue: $240,000
• Interest revenue: $1,000
• Accounts receivable beginning balance: $35,000
• Accounts receivable ending balance: $31,000
There were no amounts reported for Interest receivable
In the operating activity section of the statement of cash flows, what amount would be shown for total cash receipts?
$235,000
$244,000
$245,000
$237,000