During its second year in operation, Banner Company had net credit sales of $5,850,000. The ending balance in accounts receivable was $1,090,000. The amount of accounts receivable at the beginning of the year was $1,200,000. Assuming Banner did not write off any accounts during the year, what amount of cash did Banner collect from customers during the year?

		$5,740,000.
		$5,960,000.
		$6,940,000.
		$8,140,000.