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Acme Company is a wholesaler. Acme reports sales revenue of $ 3 9 2 , 0 0 0 for the year. During the year, Acme's

Acme Company is a wholesaler. Acme reports sales revenue of $392,000 for the year. During the year, Acme's accounts receiveable balance decreased by $26,000 and its accounts payable balance decreased by $27,000. All inventory sales are made on account. What were Acme's cash collections from customer sales during the year?
366,000
418,000
392,000
402,000

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