MNO Corporation has a P35,000 balance of account receivable at the beginning of its budget period. It has budgeted P230,000 credit sales and expects to collect 70% of these during the budget period. What is the ending balance of accounts receivable assuming that all but 10% of the beginning balance is collected during the budget period.

a. P72,500

b. P3,560

c. P51,500

d. P143,500