Kam Department Store reported the following information for 2021: October November December Budgeted sales $1,240,000 $1,160,000 $1,440,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Kam receive in November? A) $1,200,000 B $1,160,000 $1,300,000 D) $580,000