Kiwi Ltd. has the following sales budget for the last six months of 20X3:

July

$100,000

October

$90,000

August

$80,000

November

$100,000

September

$110,000

December

$94,000

Historically, the cash collection of sales has been as follows:

• 65% of each month's sales are cash transactions.
• 25% of each month's sales are collected in the following month.
• 10% of each month's sales are collected in the second month following.

The estimated accounts receivablebalance at the beginning of October is

Group of answer choices

$27,500.

$42,500.

$35,500.

$46,500