Assume a merchandising company reported the following income statement:

Sales $ $300,000$

Cost of goods sold $180,000$

Gross margin $120,000$

Selling and administrative expenses $80,000$

Net income before taxes $40,000$

Income tax expense $12,000$

Net income $ $28,000$

Selected balance sheet accounts are as follows:

Beginning Balance Ending Balance

Current Assets

Accounts receivable $ $60,000$ $ $64,200$

Inventory $ $30,000$ $ $28,000$

Prepaid expenses $ $8,000$ $ $6,000$

Current Liabilities

Accounts payable $ $10,000$ $ $13,000$

Accrued liabilities $ $7,000$ $ $6,000$

Income taxes payable $ $4,000$ $ $4,000$

What are the company$$s cash collections from customers?