48. Recto Company is preparing its cash budget for the month ending November 30, 2009. The following information pertains to Recto's past collection experience from its credit sales: Current month's sales 12% Prior month's sales 75% Sales two months prior to current month 6% Sales three months prior to current month 4% Cash discount( 2/30, net 90) 2% Doubtful accounts 1% Credit sales: November estimated P200,000 October 180,000 September 160,000 August 190,000 How much is the estimated credit to accounts receivable as a result of collections expected during November? (a) P170,200 (b) P174,200 (c) P176,200 (d) P180,200 C