1) Razz Corporation has budgeted for the following sales: September October November Total Sales $605,000 $830,000 $715,000 December $680,000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. a. In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? (Answer: $826,500) b. What are budgeted cash collections in November? (Answer: $751,000) c. What are the budgeted sales for the fourth quarter (October-December)? (Answer: $2,225,000)