Last year Lawn Corporation reported sales of $300,000 on its income statement. During the year, accounts receivable increased by $31,000 and accounts payable increased by $36,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:

Multiple Choice

$305,000

$295,000

$269,000

$264,000