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 $129,000 $83,000 O $116,100 n $135.000 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 January 31st Multiple Choice $108,000 O $53,000 $111,000 donnnn