Accounts receivable at the end of year 1 was $50,000 and its accounts receivable at the end of year 2 was $100,000. Inventory at the end of year 2 was $70,000 and its inventory at the end of year 1 was $120,000. The companys sales on account for year 2 is closest to what amount if the average collection period is 20 days.

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