A company reported annual sales revenue of $1,100,000 in 2016. During the year, accounts receivable decreased from a $28,000 beginning balance to a $24,000 ending balance. Accounts payable decreased from a $22,000 beginning balance to a $16,000 ending balance.

How much is cash received from customers for the year?

A) $1,098,000

B) $1,076,000

C) $1,104,000

D) $1,108,000