5. Budgeted sales in Acer Corporation over the next four months are given below: $140,000 $150,000 $170,000 $130,000 Twenty-ve percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be: a) $103,875 b) $98,125 c) $136,375 d) $119,500