Carner Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow: Sales are budgeted at $370,000 for November, $360,000 for December, and $340,000 for January. Collections are expected to be 85% in the month of sale, 13% in the month following the sale, and 2% uncollectible. The cost of goods sold is 70% of sales. The company purchases 30% of its merchandise in the month prior to the month of sale and 70% in the month of sale. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,600. Monthly depreciation is $17,000. Ignore taxes. statement of financial position october 31 assets cash $ 19,000 accounts receivable 83,000 inventory 77,700 property,plant and equipment(net of $502,000 accumulated depreciation) 968,000 total assets $1,147,700 liabilities and stockholders' equity accounts payable $259,000 common stock 800,000 retained earings 88,700 total liablilities and stockholders' equity $ 1,147,700 The accounts receivable balance, net of uncollectible accounts, at the end of December would be: Answer $94,900 $46,800 $90,200 $54,000