P 200,000 The following data were reported by Franz Company during the current year: 180,000 240,000 Accounts receivable - January 1 Accounts receivable - December 31 Notes receivable - January 1 170,000 55,000 Notes receivable - December 31 40,000 4,000 2,000 3,000 1,000 600,000 Advances from customers - January 1 Advances from customers - December 31 Issued credit memo Sales discounts Uncollectible accounts written off during the current year Recoveries of accounts previously written off Sales - cash basis including recoveries Determine the gross sales under the cash basis of accounting