Given Below Are the Activities of the Phoenix Company Using the Accrual Basis of Accounting,the Total Revenues for Phoenix

Multiple Choice

Given below are the activities of the Phoenix Company:
$\begin{array} { l } \text {Owners invested cash in business }&\$20,000 \\ \text {Credit sales }&\$ 80,000\\ \text {Cash sales }&\$20,000\\ \text { Cash collections from credit customers}&\$56,000 \\ \text {Purchased inventory on account }&\$ 37,000\\\end{array}$

Using the accrual basis of accounting,the total revenues for Phoenix Company are ________.

A) $46,000
B) $90,000
C) $100,000
D) $173,000