Calculate the revenue for the year on cash basis

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Reference no: EM13864740

Using the accrual basis revenue on the income statement was $124,320. Accounts receivable were $3,320 on January 1 and $3,600 on December 31. Unearned revenue was $1,040 on January 1 and $1,690 on December 31.

Calculate the revenue for the year on a cash basis.

Reference no: EM13864740

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