Groceries to Your Door Delivery Co. (GTYD) opened a new business location on April 1. During April, the company sold $220,000 of services for cash along with $100,000 on account to customers. Payments collected from these credit customers amounted to $56,000 during April, with the balance to be collected during May. How much revenue should the company report on its April Income Statement?

Select one:

A. $220,000

B. $376,000

C. $264,000

D. $320,000