[The following information applies to the questions displayed below.]

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

	Dec.31				Jan.1
Accounts receivable	$	38,000			$	43,000
Inventory	$	58,000			$	54,000
Prepaid expenses	$	12,300			$	14,300
Accounts payable (for merchandise)	$	36,000			$	35,000
Accrued expenses payable	$	15,300			$	20,300
Net sales	$	275,000
Cost of goods sold	$	137,500
Operating expenses (including depreciation of $18,300)	$	83,000

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

Multiple Choice

• $270,000

• $275,000

• $43,000

• $280,000