Reference no: EM132563571

The following selected account balances were taken from ABC Company's general ledger at January 1, 2020 and December 31, 2020:

                                    January 1, 2020                         December 31, 2020

Unearned revenue                       12,000                          22,000
Inventory                                    59,000                          40,000
Accounts payable                         40,000                          51,000
Salaries payable                          9,000                               3,000
Investments                              96,000                            63,000
Accounts receivable                   75,000                              86,000
Land                                          58,000                           88,000
Mortgage payable                       120,000                           95,000
Common stock                         100,000                          180,000
Retained earnings                      22,000                       35,000

The following information was taken from ABC Company's 2020 income statement:

Sales revenue $426,000
Cost of goods sold 300,000
Salaries expense 94,000
Loss on sale of investments 6,000
Net income $ 26,000

Question 1: Calculate the amount of cash collected from customers during 2020.