20- Business Records: TO1S2 Duration - (60 Minutes) uiz is accepting submissions until Sunday, March 26, 2023 at 11:59 pm Question 5 (1 point) The LaPann Company has obtained the following sales forecast data: July August September October Cash sales $80,000 $70,000 $50,000 Credit sales$240,000 $220,000$180,000 $60,000 $200,000 Submissions Enabled Grade: N/ Question 5 of 10 | Page 5 of 10 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on September 30 is: a $126,000. b $148,000. C $166,000. Od $190,000. Next Page Once you click Next Page you will not be able to change your