Answer the following questions using the information below: Monetary Company months of 2011 : $200,000 160,000 October $180,000 Historically, the cash collection of sales has been as follows: - 65% of sales collected in the month of sale, - 8% of sales collected in the month following the sale, and - 2% of sales are uncollectible 1) Cash collections for September are: A) $143,000 B) $173,400 C) $199,000 D) $204,000 2) What is the ending balance of accounts receivable for September, month following the sale? A) $199,000 B) $97,000 C) $89,800 D) $93,000