The Following Sales Budget Has Been Prepared Collections of Credit Sales Are 50% in the Month of }&\text

Multiple Choice

The following sales budget has been prepared:
$\begin{array}{lll}\text { Month }&\text { Cash Sales }&\text { Credit Sales }\\\text { September } & \$ 167,000 & \$ 123,000 \\\text { October } & 225,000 & 180,000 \\\text { November } & 330,000 & 210,000 \\\text { December } & 135,000 & 190,000\end{array}$
Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in December?

A) $135,000
B) $197,000
C) $325,000
D) $332,000