Smith Corporation Has Provided the Following Information: Cash Sales Totaled

Multiple Choice

Smith Corporation has provided the following information: Cash sales totaled $125,000.
Credit sales totaled $279,000.
Cash collections from customers for services yet to be provided totaled $38,000.
An $11,000 gain from the sale of property and equipment occurred.
Interest income totaled $7,700.
How much were Smith's operating revenues?

A) $404,000.
B) $411,700.
C) $442,000.
D) $460,700.