Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

Sales are budgeted at $220,000 for November, $200,000 for December, and $210,000 for January.
Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible.
The cost of goods sold is 65% of sales.
The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
Other monthly expenses to be paid in cash are $22,500.
Monthly depreciation is $19,000.
Ignore taxes.

Expected cash collections in December are:

A.$59,400

B.$140,000

C.$199,400

D.$200,000