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Marigold Corp. reported the following information for 2016: October November December Budgeted sales $1160000 $1080000 $1360000 All sales are on credit. Customer amounts on account

Marigold Corp. reported the following information for 2016:

October November December Budgeted sales $1160000 $1080000 $1360000

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 Marigold receive in November?

$1120000

$1220000

$1080000

$540000

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