During 2017, ABC Corporation had $130,000 in cash sales and $1,020,000 in credit sales (sales on account). The accounts receivable balances were $180,000 and $212,000 at December 31, 2016 and 2017, respectively. ABC had no write-offs and did not sell any A/R to factors. What was the total cash collected from all customers during 2017?

a.

$1,642,000.

b.

$1,182,000.

c.

$1,418,000.

d.

$1,118,000.