Logic Corporation had accounts receivable of $140,000 at the beginning of the year and $85,000 at the end of the year and accounts payable at the beginning of the year of $60,000 and $85,000 at the end of the year. Cash sales for the year were $300.000 and sales on account for the year amounted to $450.000. The amount to be reported on the statement of cash flows for cash collections from customers under the direct method is