Farley Company reported the following information for 2008: October November December $230,000 $220,000 $270,000 Budgeted purchases $120,000 $128,000 $144,000 Budgeted sales . All sales are on credit. customer amounts on account are collected 50% in the month of sale and 50% in the following month. . customer amounts on account are collected 50% in the month of sale and 50% in the following month. . Farley purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Farley receive during November? Select one: a. $110,000 b. $245,000 c. $225,000 d. $220,000