Assume the following budgeted information fora merchandising company: 10 . Budgeted sales {all on credit) for November. December. and January are $246,000. $216,000, and $202,000, respectively. . Cash collections of credit sales are expected to be ?0% in the month of sale and 30% in the month following the sale. . The cost of goods sold is always 20% of sales. 4 . Each month's ending inventory equals 20% of next month's cost of goods sold. \"0"\" . 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month. . Monthly selling and administrative expenses that are paid in cash in the month incurred total $24,000. . Monthly depreciation expense is $23500. The expected cash collections from customers in December are: Multiple Choice 0 $2573 00. $225.00 0. $213,300. 0 0 $229,860. 0