farrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $80,000, $160,000, and $150,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31 ? August Collections August 31 Receivables Balance A. $141, 060 $161,000 B . $149, 060 $121,000 C . $149, 060 $129,000 D . $241, 000 $121,000 None of these options is correct. Multiple Choice O Choice A O Choice B O Choice C O Choice D O Choice E