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General Appliance Corporation budgeted to realize a Gross Margin for the 3rd quarter of 2020 of $45.000. Other budgeted numbers for the quarter are given

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General Appliance Corporation budgeted to realize a Gross Margin for the 3rd quarter of 2020 of $45.000. Other budgeted numbers for the quarter are given in the following table: Sales Beginning Accounts Receivable Ending Accounts Receivable 20,000 15,000 75,000 Cost of Goods Sold Assuming that no customer accounts will be written off, what amount of Cash will be collected from customers during the quarter if these numbers materialize? $150,000 $140,000 $130,000 $125,000

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