Lagos Corp How Much Cash Did Lagos Collect from Customers in 2010

Multiple Choice

Lagos Corp.recorded sales of $345,000 in 2010,in addition its accounts receivable and accounts payable balances at the beginning and end of 2010 were as follows: $$\begin{array} { l c c } & \text { Jan. 1,2010 } & \text { Dec. 31, 2010 } \\\text { Accounts Receivable } & \$ 65,000 & \$ 90,000 \\\text { Accausts Payable } & \$ 32,000 & \$ 28,000\end{array}$$
How much cash did Lagos collect from customers in 2010?

A) $345,000
B) $320,000
C) $324,000
D) $316,000