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Smith Corporation has provided the following information: Cash sales totaled $132,000. Credit sales totaled $286,000. Cash collections from customers for servicesyet to be provided totaled
Smith Corporation has provided the following information: Cash sales totaled $132,000. Credit sales totaled $286,000. Cash collections from customers for servicesyet to be provided totaled $45,000. An $18,000 gain from the sale of property and equipment occurred. Interest income totaled $8,400. How much were Smith's operating revenues? $489,400 $426,400 $418,000 $463,000
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