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The financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $ 36,000 $ 41,000 Inventory $ 56,000

The financial statements of Seldin, Inc., provide the following information for the current year:

Dec.31 Jan.1
Accounts receivable $ 36,000 $ 41,000
Inventory $ 56,000 $ 52,000
Prepaid expenses $ 12,100 $ 14,100
Accounts payable (for merchandise) $ 34,000 $ 33,000
Accrued expenses payable $ 15,100 $ 20,100
Net sales $ 265,000
Cost of goods sold $ 132,500
Operating expenses (including depreciation of $18,100) $ 81,000

Compute the amount of cash received from customers during the current year.

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