Budgeted sales Budgeted purchases October November December $460,000 $440,000 $540,000 $240,000 $256,000 $288,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 35% of sales. Vaughan purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. Variable S&A are 10% of Sales. Fixed S&A are $7,000 with $2,000 of that amount being depreciation. The November 1 cash balance was $25,000. What is the anticipated cash balance at the end of November? O A. $158,000 O B. $160,000 OC. $174.400 OD. $176,400