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How much were smith operating revenues

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Reference no: EM132616567

Smith Corporation has provided the following information:

Cash sales totaled $137,000.

Credit sales totaled $291,000.

Cash collections from customers for services yet to be provided totaled $50,000.

An $12,000 gain from the sale of property and equipment occurred.

Interest income totaled $8,900.

Problem 1: How much were Smith's operating revenues?

Option 1: $428,000

Option 2: $498,900

Option 3: $478,000

Option 4: $436,900

Reference no: EM132616567

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