Q23. The following information is taken from the accounts of Birmingham Ltd for year ended 30 June 2016. $ Accounts receivable, 1 July 2015 95,000 Accounts receivable, 30 June 2016 70,000 Allowance for doubtful debts, 1 July 2015 13,000 Allowance for doubtful debts, 30 June 2016 5,000 Credit sales 300,000 Cash sales 160,000 Bad debts expense 12,000 What was the amount of cash received from customers? A. $ 485,000 B. $ 160,000 C. $ 465,000 D. $ 305,000 E. None of the above.