Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July August September October November December $ 91,000 $ 103,000 $ 115,000 $ 127,000 $ 139,000 $121,000 The estimated total cash collections by Fresplanade Co. during December from accounts receivable is: Multiple Choice $131.850 $119,970