Byfort Company Reports the Following in Its Financial Statements *All Sales Are on Credit

Multiple Choice

Byfort Company reports the following in its financial statements:
$$\begin{array} { | l | c | c | } \hline & \underline { 2005 } & \underline { 2006 } \\\hline \text { Accounts receivable, net } & \$ 34,289 & \$ 29,678 \\\hline \text { Net sales* } & \$ 360,007 & \$ 450,000 \\\hline\end{array}$$
*All sales are on credit.
-How much did the company collect in cash from customers during 2006?

A) $445,389
B) $454,611
C) $484,289
D) $488,900