On October 1 of the curtent year, Molloy Corporation prepared a cash budget for October. November, and December. All of Molloy's sales are made on ociou The following information was used in preparing estimated cash collections: Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month therealter. Budgeted coliections from customers in December total: Multiple Choice $59,000. $55,000. $64,000. $60,000