Bellinger and Betts LLP is a merchandising company based in Los Angeles, California that prepared the following: - Fifteen percent of the company's sales are for cash and 85% are on account. Collections for sales on account follow a pattern as follows: 60% of a month's credit sales are collected in the month of sale, 25% are collected in the month following sale, and 10% are collected in the second month following sale. Bellinger and Betts LLP deems the remainder to be uncollectible. - Cost of goods sold is 80% of sales and ending inventory is maintained at $45,000 plus 12% of the following month's cost of goods sold. Sixty percent of purchases are paid for in cash at the time of purchase, and 20% are paid for in each of the next two months. Purchases for the previous September and October were $170,000 per month. - Interest payments of $18,000 are paid quarterly in October and January. What are the cash collections budgeted for December? $133,450 $143,950 $155.200 $165,700