Four of Wands, LLC generated $255,000 in sales during September 2021. Of this amount, 30% was for cash. The remaining 70% of sales were made on account. The October 2021 sales on account were $180,000, which accounted for 60% of the total sales during the month.The company budgeted $350,000 in sales for November 2021 and expects sales in December 2021 to be 10% lower than November's sales. 15% of the total budgeted sales are for cash; the remaining budgeted sales are expected to be made on account. Sales on account carry credit terms of net 30.Historically, 70% of sales on account are collected in the month following the month of sale. 25% of sales on account are collected in the second month following the month of sale. 4% of sales on account are collected in the third month following the month of sale. The remaining 1% is deemed uncollectible.Given the above information, calculate the total expected cash receipts in December.

A.

$377,450

B.

$260,390

C.

$323,150

D.

$327,920

E.

$307,640