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The financial statements of Seldin, Incorporated, provide the following information for the current year: December 31 January 1 Accounts receivable $ 32,000 $ 37,000 Inventory

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

December 31 January 1

Accounts receivable $ 32,000 $ 37,000

Inventory $ 52,000 $ 48,000

Prepaid expenses $ 11,700 $ 13,700

Accounts payable (for merchandise) $ 30,000 $ 29,000

Accrued expenses payable $ 14,700 $ 19,700

Net sales $ 245,000

Cost of goods sold $ 122,500

Operating expenses (including depreciation of $17,700) $ 77,000

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

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