Assume a merchandising company provides the following information from its master budget for the month of May: Sales Cost of goods sold Selling and administrative expenses Accounts receivable, May 1st Accounts receivable, May 31st $ 122,000 $ 87,000 $ 21,000 $ 16,000 $ 30,500 If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May? Multiple Choice $120,500 $107,500 $106.000 $122.000