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The following selected account balances were taken from Tyson Company's general ledgers for 2027: Inventory Utilities payable Land Common stock Accounts payable Retained earnings Machinery
The following selected account balances were taken from Tyson Company's general ledgers for 2027: Inventory Utilities payable Land Common stock Accounts payable Retained earnings Machinery January 1 $59,000 $13,000 $58,000 $23,000 $40,000 $19,000 $68,000 $12,000 $96,000 $41,000 Utilities expense Income tax expense Net income December 31 $42,000 $19,000 $396,000 $253,000 $ 75,000 $ 20,000 $ 48,000 $88,000 $67,000 Income tax payable Accounts receivable Notes payable Tyson Company's 2027 income statement is given below: Sales revenue Cost of goods sold $51,000 $45,000 $84,000 $10,000 $63,000 $27,000 Calculate the amount of cash collected from customers during 2027.
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