Korn Inc., projects sales for its first three months of operation as follows:

OctoberNovemberDecemberCredit sales$100,000$150,000$200,000Cash sales40,00060,00050,000Total Sales$140,000$210,000$250,000

Inventory on October 1 is $40,000. Subsequent beginning inventories should be 40% of that month's cost of goods sold. Goods are priced at 140% of their cost. 50% of purchases are paid for in the month of purchase; the balance is paid in the following month. It is expected that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale, and the balance the third month. A 5% discount is given if payment is received in the month following sale.

What are the anticipated cash receipts for November?

Group of answer choices

A:$160,000

B:$107,500

C:$105,000

D:$110,000