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Given this information: 2019 2020 Cash $2,400 $6.100 Accounts receivable $12,000 $12,800 Inventory $8,200 $6,800 Prepaid insurance $3,000 $2,000 Equipment $26,000 $26,000 Accumulated depreciation ($14.000)

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Given this information: 2019 2020 Cash $2,400 $6.100 Accounts receivable $12,000 $12,800 Inventory $8,200 $6,800 Prepaid insurance $3,000 $2,000 Equipment $26,000 $26,000 Accumulated depreciation ($14.000) ($17,000) Land $18,000 $28.000 $55,600 $64.700 2019 2020 Accounts payable $7,700 $2,400 Wages payable $2,000 $1,400 Utilities payable $6,000 $2,000 Note payable $15,000 $35,000 Interest payable $900 $2.900 Common stock $14,000 $14,000 Retained earnings $10,000 $7,000 $55,600 $64.700 How much cash was received from customers if revenue during 2020 was $110,000? $109.200 $113,700 $110,800 $106,300 None of the above

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