ClassQuestl Corporation, a company located in Tacoma, WA, had the following sales. SEP OCT NOV DEC UJAN 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 O $99,900 $53,000 O O $111,000 O $108,000