Saved Erle Company reports the following comparative balance sheets and income statement information for the currer Comparative Balance Sheets 12/31/2015 12/31/2016 Assets Cash $ 103. $ 63,00 Accounts receivable 47.000 31.ag Prepaid insurance 47.000 55,000 Inventory 23,000 39.899 Property, plant & equipment 55,000 63.000 Total Assets $ 275,000 $251,000 Liabilities and Stockholder's Equity Accounts payable Salaries payable Long-tern notes payable Common stock Retained earnings Total Liabilities and Stockholders' Equity $ 63,000 31,cee 39.000 35,000 107,880 $ 275,000 $ 47. 55.ee 47. 35.000 67,000 $251,600 2016 Income Statement Revenue $ 355.000 Cost of goods sold (175,000) Gross margin 180,000 Operating expenses (95,000) Net income $ 85, see What was the cash received from customers during the year? Multiple Choice $324,000 $308.000 Oo oo O $371.000 $355,000