Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $2.5 million. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 60 days after their purchases.

What is the average amount of receivables?

Group of answer choices

$230,137

$208,219

$308,219

$342,466