Harrington makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $80,000, $140,000, and $130,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31? August Collections August 31 Receivables Balance A. $ 124,000 $ 144,000 B. $ 132,000 $ 118,000 C. $ 132,000 $ 112,000 D. $ 224,000 $ 118,000 E. None of these options is correct. Multiple Choice Choice A Choice B Choice C Choice D Choice E