Question 9 Kam Department Store reported the following information for 2016: . October November December Budgeted sales $1,240,000 $1,160,000 $1,440,000 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 Kam receive in November? $1,200,000 O $1,160,000 0 $580,000 0 $1,300,000