b) Fabulous Ltd provides you with the following information: Sales for the year $800000 Discounts provided during the year to customers for early payment $20 000 Doubtful debts expense for the year $10 000 Opening balance of accounts receivable $180 000 Closing balance of accounts receivable $160 000 Opening balance of the allowance for doubtful debts $18 000 Closing balance of the allowance for doubtful debts $16 000

Required: How much cash has been received from customers during the year? 6 marks