XYZ Company reported cash collections from customers of $450,000 inits 2004 statement of cash flows. At January 1st, 2004, accounts receivable totaled $41,000 while accounts receivable at December 31st, 2004 totaled $56,000. At January 1st, 2004, unearned revenue totaled $8,000 while at December 31st, 2004, unearned revenue totaled $11,000.
Calculate the sales revenue reported by XYZ Company in its 2004 income statement.