During 2017 Sheridan Company had sales on account of $701000,

During 2017 Sheridan Company had sales on account of $701000, cash sales of $316000, and collections on account of $520000. In addition, they collected $8300 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable indicates a$181000 increase.$496000 increase.$497000 increase.$172700 increase.

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