Chris’s Outdoor Furniture, Inc. has net cash flows from operating activities for the last year of $470 million. The income statement shows that net income is $445 million and depreciation expense is $57 million. During the year, the change in inventory on the balance sheet was $47 million, change in accrued wages and taxes was $27 million, and change in accounts payable was $38 million. At the beginning of the year, the balance of accounts receivable was $57 million.
Please help calculate the end of year balance for accounts receivable
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