3. A company reported sales revenue of $178,000 on the income statement; $8,000 of that total amount came from earning revenue that had previously been deferred, and the rest came from sales that were made on credit. They had no cash sales during the period. Balance sheet information includes the following. A/R, beginning of year A/R, end of year Deferred Revenue, beginning of year Deferred Revenue, end of year $7,500 12,000 2,000 12,000 How much cash was collected from customers during the year? (To earn any partial credit for your answer, complete the two T-accounts below, and label each amount shown in each respective T-Account.) Accounts Receivable Deferred Revenue Cash collected from customers during the year: 3. A company reported sales revenue of $178,000 on the income statement; $8,000 of that total amount came from earning revenue that had previously been deferred, and the rest came from sales that were made on credit. They had no cash sales during the period. Balance sheet information includes the following. A/R, beginning of year A/R, end of year Deferred Revenue, beginning of year Deferred Revenue, end of year $7,500 12,000 2,000 12,000 How much cash was collected from customers during the year? (To earn any partial credit for your answer, complete the two T-accounts below, and label each amount shown in each respective T-Account.) Accounts Receivable Deferred Revenue Cash collected from customers during the year