ClassQuestI Corporation, a company located in Tacoma, WA, had the following sales.

	SEP	OCT	NOV	DEC	JAN	FEB
Total Sales	$120,000	$100,000	$90,000	$150,000	$120,000	$80,000

10% of all sales are cash sales. The rest are credit sales. Credit sales are collected as follows: 20% in the month of sale, 70% in the month following sale, and 10% in the second month following sale.

Required: Calculate the Accounts Receivable balance as at December 31st

Multiple Choice

• $116,100

• $135,000

• $83,000

• $129,000