Imperial Company has the following budgeted sales for the last half of 2021: July August September October November December Cash Credit sales sales 50,000 130,000 55,000 150,000 40,000 145,000 55,000 125,000 60,000 200,000 90,000 370,000 The following information has been assembled: Collections on credit sales: 50% in month of sale 30% in month following sale 20% in second month following sale Assume that the accounts receivable balance on July 1 was 90,000. Of this amount, 50,000 represented uncollected June sales and 40,000 represented uncollected May sales. Given these data, the total cash collected during July would be: A 235,000 B I do not wish to answer this question. 215,000 D 200,000 E 185,000 F 150,000