Partial Balance Sheets and Additional Information Are Listed Below for Funk

question 49

Essay

Partial balance sheets and additional information are listed below for Funk Company. Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $800,000.
Cost of goods sold totaled $325,000.
Required:
Calculate the amount of cash received from customers during 2013.

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