A company's accounts receivable balance at the end of December is $67,020, of which 20.10% is uncollected from December sales. The company's credit sales policy is as follows: 56.00% collected in the month of sale, 34.80% collected in the month immediately after the sale, with the remaining balance collected in the second month after the sale. How much were the total sales in November? $552,951 $567,503 $582,054 $596,605 O $611,157 A company's retained earnings balance at the end of the current year is $780,120. During the year, the company had net income of $155,960, and new capital spending of $187,280. The company uses a debt-to-equity ratio of 2.60 for the capital spending and strictly adheres to a residual dividend policy. What was the retained earnings balance at the beginning of the current year? $655,288 $673,490 $691,693 $709,895 $728,098