Information pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales Credit sales Total sales 100, 000 $129, 000 82,000 292,000 454,000238, 000 $392,000 583,000 $ 320,000 Management estimates that 5% of credit sales are eventually uncollectible or the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account 20% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices. Total budgeted cash collections for Yekstop Corp. in December are: $512,500. $560,655. $379,920. $500,310 $506,435