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9) Peyton Manufacturing Co. reported the following information for 2018: October November December Budgeted sales $1,300,000 $1,160,000 $1,240,000 All sales are on credit. Customer amounts

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9) Peyton Manufacturing Co. reported the following information for 2018: October November December Budgeted sales $1,300,000 $1,160,000 $1,240,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Peyton receive in November

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