Arch Associates reports the following comparative balance sheets and income statement information.

Arch Associates
Comparative Balance Sheets
	12/31/Year 1					12/31/Year 2
Cash		$	16,000				$	26,000
Accounts receivable			8,000					12,000
Prepaid insurance			14,000					12,000
Inventory			10,000					6,000
Property, plant and equipment			16,000					14,000
Total assets		$	64,000				$	70,000
Accounts payable		$	12,000				$	16,000
Salaries payable			14,000					8,000
Long term notes payable			16,000					14,000
Stockholders' equity			22,000					32,000
Total liabilities and equity		$	64,000				$	70,000

Income Statement
Year Ended 12/31/Year 2
Revenue	$	150,000
Cost of goods sold		60,000
Gross margin		90,000
Operating expense		40,000
Net income	$	50,000

The amount of cash collected from customers during Year 2 was:

Multiple Choice

$146,000.

$142,000.

$154,000.

$150,000.