Romona Company expects its November sales to be 15% higher than its October sales of $250,000. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $120,000 in October and are expected to be $150,000 in November. Purchases are paid 20% in the month of purchase and 80% in the following month The cash balance on November 1 is $13,500. The cash balance on November 30 will be O A $124,625 OB. $138,125 OC. $264,125 OD. $111,125