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[16] Taurus Co. receives nonrefundable advance payments with customer orders. For the current year, the beginning and ending balances in the contract liability account were

[16] Taurus Co. receives nonrefundable advance payments with customer orders. For the current year, the beginning and ending balances in the contract liability account were $180,000 and $210,000, respectively. Advance payments related to goods shipped during the year and orders canceled equaled $305,000 and $55,000, respectively. What was the amount of advance payments received during the year?

A. $390,000

B. $280,000

C. $360,000

D. $335,000

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