COTB MC Qu. 8-75 (Algo) Assume a merchandising company provides the... Assume a merchandising company provides the following information from its master budget for the month of May: Sales Cost of goods sold Selling and administrative expenses Accounts receivable, May 15t Accounts receivable, May 31st $119,000 $ 84,000 $ 18,000 $ 16,000 $ 26,000 Wall of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May? Multiple Choice $119.000 5103.000 $109,000 $113.000