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E22-64 HM 24#3:Garboz Company, an industrial recycler, reported sale revenues of $540,000 in Year 2. Accounts receivable and deferred sales revenues at December 31, Year 2 decreased by $40,000 and $10,000 from their December 31, Year 1 balances, respectively.The amount of cash collected from customers in Year 2 was:
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