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Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts

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Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 $38,000 $55,000 $27,000 12/31/13 $46,000 $59,000 $25,000 Change $8,000 $4,000 $2,000 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of goods sold$570,000 $298,000 $672,000 $970,000 If total sales had remained at $970,000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal? (Round to the nearest dollar.) Enter your answer in the answer box

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