Corbin Company Has Prepared the Following Sales Budget Collections of Credit Sales Are 50% in the Month of Month

Multiple Choice

Corbin Company has prepared the following sales budget:
$\begin{array}{lll}\text { Month }&\text { Cash Sales }&\text { Credit Sales }\\\text { September } & \$ 99,000 & \$ 250,000 \\\text { October } & 225,000 & 180,000 \\\text { November } & 310,000 & 210,000 \\\text { December } & 94,000 & 170,000\end{array}$
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 is the expected balance in Accounts Receivable at November 30?

A) $77,500
B) $105,000
C) $123,000
D) $210,000