29. Vern's makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000 and $50,000, respectively, what was the budgeted receivables balance on December 31? $40,000. $46,000. moow> $49,000 $59,000. some other amount