123. Baird Corp. had beginning Accounts Receivable of $254,000 and ending Accounts Receivable of $228,000. If total sales were $1,440,000, what amount of cash was collected from customers, in what...

123. Baird Corp. had beginning Accounts Receivable of $254,000 and ending Accounts Receivable of $228,000. If total sales were $1,440,000, what amount of cash was collected from customers, in what category, with what description would the collectionsbe reported on the statement of cash flows using the indirect method? What amount, and in what category,and with what description would the collections be reported using the direct method?

124. The following information is available for O’Hara Company for 2016. O’Hara uses the direct method to prepare its statement of cash flows.