Question 8 0.6 points Save Ans Romona Company expects its November sales to be 15% higher than its October sales of $220,000. All sales are on credit and are collected as follows: 25% in the month of the sale and 70% in the following month. Purchases were $150,000 in October and are expected to be $100,000 in November. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13,100. The cash balance on November 30 will be $82,250 $69,150 $230,350 $95,350