The Eagle Company reports sales in the current year of $300,000. Of this amount, 70 percent were credit sales and the rest were cash sales. The accounts receivable at the first day of the year was $60,000 but rose by $30,000 during the year to a $90,000 balance at the end of the year. The company did not write off any accounts during the year as bad and recognized no bad debt expense. If the company reports on the cash basis of accounting rather than the accrual basis, what amount of revenue should be recognized?

270,000

90,000

300,000

330,000