C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October 115 bikes Budgeted Bike Sales for November 120 bikes Budgeted Bike Sales for December 100 bikes Desired Ending Finished Goods Inventory 15% of the following month's unit sales Cash Collected from Sales in November $40,000 Cash Available on November 1 $5,000 Cash Disbursements in November $25,000 Interest Received During November $500 Loan Payments Made During November $8.000 The selling price for the Mountain Bikes is 5750 All sales are on credit and all credit sales are collected Each month's credit sales are collected 20% in the month or sale 30% in the month following the sale, and 50% in the second month following the sale. What is the budgeted accounts receivable balance at the end of December Multiple Choice O $60,000 $52.500 $105,000 07