Assume a merchandising company reported the following income statement Sales Cost of goods sold- Gross margin Selling and administrative expenses Net income before taxes: Income tax expense Net income Selected balance sheet accounts are as follows: $ 300,000 180,000 120,000 80,000 40,000 12,000 $ 28,000 Beginning Balance Ending Balance Current Assets Accounts receivable $ 60,000 Inventory Prepaid expenses Current Liabilities $ 30,000 $ 8,000 Accounts payable Accrued liabilities: $ 10,000 $ 67,000 $ 28,000 $ 6,000 $13,000 $ 7,000 $ 6,000 Income taxes payable" What are the company's cash collections from customers? $ 4,000 $ 4,000 O Search < Prev 16 of 16 e a Next > T D O View previous What are the company's cash collections from customers? Multiple Choice $293000 $307,000 $291,000 $309000