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Funcycle Manufacturing's budget Includes the following credit sales for the current year. September, $160,000; October, $151,000: November, $135,000, December $172,000. Experience has shown that payment

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Funcycle Manufacturing's budget Includes the following credit sales for the current year. September, $160,000; October, $151,000: November, $135,000, December $172,000. Experience has shown that payment for the credit sales is received as follows: 20% in the month of sale, 55% in the first month after sale, and 25% in the second month after sale. What are the cash collections of credit sales in the month of December? Multiple Choice $34.400 $112.000 $108.650 5772.000 $146,400

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