Shea, a regional jewelry store, issues its own charge cards to customers. It bills its customers on

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Shea, a regional jewelry store, issues its own charge cards to customers. It bills its customers on the first day of every month for purchases made during the previous month. In addition, Shea accepts Visa and MasterCard, both of which charge a 1.8 percent processing fee. The following sales were made during the period:

Visa .......................$ 5,490

MasterCard .................... 3,401

Shea card .................... 10,980

Cash sales .................... 2,695

Sales paid by check ................... 6,400

What is the net amount of cash received from the sales made during the period (assume 10% NSF checks)?

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