Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale: 60% 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 $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31? August Collections A. $162,000 B. $174,000 C. $174,000 D. $262,000 August 31 Receivables Balance $182,000 $170,000 $154,000 $170,000 E. None of these options is correct