Question: The following data belongs to Bear Company:

Accounts receivable on December $31,2018$: $$80,000$

Accounts receivable on December $31,2019$: $$60,000$

Net credit sales during the year $2019$: $$200,000$

Based on the above information, what is the net cash collected by the company during the year $2019?$

Round all answers to nearest dollar or tenth of a percentage point.

Select the correct option and click Submit.

$$180,000$

$$220,000$

$$240,000$

$$260,000$