Information pertaining to Yekstop Corp.'s sales revenue is presented below: Cash sales Credit sales November $ 116,000 308,000 $ 424,000 December $ 145,000 470,000 $ 615,000 January $ 98,000 254,000 $ 352,000 Total sales Management estimates that 4% of credit sales are eventually uncollectible. Of 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 proj ed for the month. All urchases of inventory are on open account; 30% 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: Multiple Choice $414,416. $541,768. $549,980. $535,830. $601,472