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he financial statements of New World, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $ 273,000 $ 241,500 Inventory $

he financial statements of New World, Inc., provide the following information for the current year:

Dec.31 Jan.1
Accounts receivable $ 273,000 $ 241,500
Inventory $ 262,500 $ 252,000
Prepaid expenses $ 67,200 $ 63,000
Accounts payable (for merchandise) $ 237,300 $ 221,550
Accrued expenses payable $ 66,150 $ 72,450
Net sales $ 3,097,500
Cost of goods sold $ 1,627,500
Operating expenses (including depreciation of $94,500) $ 367,500

Compute the amount of cash received from customers during the current year.

Select one:

a. $3,066,000

b. $3,097,500

c. $3,612,000

d. $3,129,000

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