Madison Company Had Sales of $154,000 How Much Cash Was Collected from Customers?
A)$148,000
B)$150,000
C)$154,000

Madison Company had sales of $154,000.Additional information from the balance sheet is below: $\begin{array}{lrr}&\text { Beginning Balance } & \text { Ending Balance } \\\text { Accounts Receivable } & \$ 22,000 & \$ 28,000 \\\text { Accounts Payable } & 21,000 & 25,000\end{array}$ How much cash was collected from customers?

A) $148,000
B) $150,000
C) $154,000
D) $160,000