The accounting staff of lambert company has assembled the following information for the year ended december 31 of the current year. the company uses the direct method fo creating a statement of cash flows. cash sales $ 759,000 credit sales 2,500,000 collections on accounts receivable 2,195,000 cash transferred from the money market fund to the general bank account 250,000 interest and dividends received 100,000 purchases (all on account) 1,800,000 payments on accounts payable to merchandise suppliers 1,470,000 cash payments for operating expenses 1,065,000 interest paid 180,000 income taxes paid 95,000 loans made to borrowers 500,000 collections on loans (excluding receipts of interest) 260,000 cash paid to acquire plant assets 3,100,000 book value of plant assets sold 662,700 loss on sales of plant assets 78,300 proceeds from issuing bonds payable 2,500,000 dividends paid 120,000 cash and cash equivalents, jan. 1 512,000 compute the amount of collections from customers.