January Cash $85,000 Accounts Receivable 44,000 Raw Materials Inventory 10,000 Finished Goods Inventory 16,000 Equipment 59,000 Accumulated Depreciation - Equipment 20,000 Accounts Payable 54,000 Common Stock 50,000 Previous period's ending balance in Retained Earnings is $41,000. No dividends are expected to be declared or paid. When preparing the budgeted balance sheet for January, what is the amount of total assets ? O A. $155,000 B. $238,000 O C. $234,000 OD. $194,000 Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Sales (30% cash) Jan Feb March $500,000 $750,000 $1,000,000 The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. O A. $680,000 B. $455,000 c. $750,000 D. $540,000