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Miller Company expects its November sales to be 25% higher than its October sales of $210.000. All sales are on credit and are collected as

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Miller Company expects its November sales to be 25% higher than its October sales of $210.000. All sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $90,000 in October and are expected to be $140,000 in November. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13,900. The cash balance on November 30 will be A. $229,150 B. 596,350 C. $110.250 D. $124,150

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