Forward Company makes all its sales on account. Forward's accounts receivable payment experience is as follows: Percent paid in the month of sale 30% Percent paid in the month after the sale 65% Percent paid in the second month after the sale 3% Forward provided information on sales as follows: September $120,000 October $140,000 November $220,000 December (expected) $260,000 What are the expected cash receipts in the month of November? a. $114,000 b. $190,000 c. $160,600 d. $200,000 e. $40,000