Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales.

Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales. Comparative Balance Sheets Beginning of Year End of Year Assets Cash $ 90,000 $ 50,000 Accounts receivable 34,000 18,000 Prepaid insurance 34,000 42,000 Inventory 10,000 26,000 Property, plant & equipment 42,000 50,000 Total Assets $ 210,000 $ 186,000 Liabilities and Stockholder's Equity Accounts payable $ 50,000 $ 34,000 Salaries payable 18,000 42,000 Long-term notes payable 26,000 34,000 Common stock 22,000 22,000 Retained earnings 94,000 54,000 Total Liabilities and Stockholders' Equity $ 210,000 $ 186,000 Income Statement Revenue $ 290,000 Cost of goods sold (162,000) Gross margin 128,000 Operating expenses (82,000) Net income $ 46,000 What was the cash received from customers during the year? Multiple Choice $256.000 $272,000 O $290,000 $306,000