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Gorman Company reported the following information for 2016: October November December Budgeted sales $620,000 $580,000 $720,000 . . All sales are on credit. . Customer

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Gorman Company reported the following information for 2016: October November December Budgeted sales $620,000 $580,000 $720,000 . . All sales are on credit. . Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much is the November 30, 2016 budgeted Accounts Receivable balance for Gorman? O $600,000 o $360,000 $310,000 $290,000

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