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

	December 31	January 1
Accounts receivable	$ 30,000	$ 35,000
Inventory	$ 50,000	$ 46,000
Prepaid expenses	$ 11,500	$ 13,500
Accounts payable (for merchandise)	$ 28,000	$ 27,000
Accrued expenses payable	$ 14,500	$ 19,500
Net sales	$ 235,000
Cost of goods sold	$ 117,500
Operating expenses (including depreciation of $17,500)	$ 75,000

What is the amount of cash received from customers during the current year?

Multiple Choice

• $230,000

• $35,000

• $235,000

• $240,000