Goodies Galore Company's current year's income statement includes the following data:

Sales	$	700,000
Cost of Goods sold	$	500,000

Goodies Galore comparative balance sheet shows the following data (accounts payable relates to merchandise purchases):

	End of Year			Beginning of Year
Accounts Receivables (net)	$	40,000		$	50,000
Inventory	$	30,000		$	25,000
Prepaid Expenses	$	2,000		$	1,000
Accounts Payable	$	10,000		$	15,000

Cash received from Customers was:

Multiple Choice

$700,000

None of the other alternatives are correct

$691,000

$710,000

$690,000