10 Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales $120,000 $140,000 $180,000 6160,000 Thirty percent of the company's sales are for cash and 70% are on account Collections for sales on account follow a stable pattern as follows: 50% of month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be: 004927 Multiple Choice $141.800 O $118.700 $161,400