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How much cash was collected from customers? Use the following information to answer the question Plarimed Corp. Plarimed Corp. Income Statement Balance Sheet 20X2 20X1

How much cash was collected from customers?

Use the following information to answer the question
Plarimed Corp. Plarimed Corp.
Income Statement Balance Sheet
20X2 20X1 20X2
Revenue 8,500 Cash 200 180
Cost of Goods Sold -5,600 Accounts Receivable 1,650 1,625
Depreciation Expense -1,200 Inventory 1,900 2,000
Interest Expense -35 PPE 6,500 7,000
Income Tax Expense -350 Accumulated Dep. -2,500 -3,000
Net Income 1,315 Total Assets 7,750 7,805
Accounts Payable 850 900
Interest Payable 100 80
Notes Payable 1,500 1,700
Common Stock 2,500 2,500
Retained Earnings 2,800 2,625
Total Liabilities+Equity 7,750 7,805

$8,525

$8,500

$8475

$1,815

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