8. Baker Company started business in October and collects 60% of its accounts receivable in the month of sale; 30% the following month; 5% the month after that; and 5% never collected. If all sales are on account and October sales were $60,000; November sales were $80,000; December sales were $100,000 and January sales were $120,000. IF February sales were $150,000 how much total cash would Baker collect in February?

A. $94,000 b. $100,000 c. $115,000 d. $118,000 e. None of the above