20. The Smith Company uses the cash basis of accounting. Smith Company collected $800,000 from its customers during the year. Smith had $40,000 in Accounts Receivable at the beginning of the year, and $90,000 in Accounts Receivable at the end of the year. What is Smith's Sales Revenue under the accrual basis of accounting?

a. $660,000

b. $700,000

c. $740,000

d. $850,000