July Michael's Incorporated expect the following sales Cash Credit $ 80,00 $ 180,000 August $ 35,000 $ 200,000 September $ 46,000 $ 160,000 October $ 41,000 $ 126,000 November $ 51,000 $ 230,000 December $ 110,000 $ 200,000 The cash budget is being developed, and the accountant is computing the projected cash collections. He notices a consistent pattern 45% collected in the month of sale: 50% collected the next month, and 5% collected the following month Accounts Receivable balance on July 1 was $81.000, which includes $55,000 of June's sales and $26,000 of May's sales Compute the projected Accounts Receivable balance on November 30 Multiple Choice $106.300 5126 500 $132.000 32000