119. Kam Department Store reported the following information for 2013: October Budgeted sales $1,240,000 All sales are on credit. November $1,160,000 December $1,440,000 Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Kam receive in November? a. $580,000 b. $1,300,000 c. $1,200,000 d. $1,160,000