Railway Corporation provides the following information that relates to the period ended 30 June 2015: Sales $400 000 Discount provided to customers for early payment $7 000 Bad debts expense $10 000 Opening Balance of accounts receivable $150 000 Closing Balance of accounts receivable $170 000 What amount of cash was received from customers during the year?

Select one:

a. $403 000

b. $383 000

c. $397 000

d. $363 000