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Romona Company expects its November sales to be 15% higher than its October sales of $210,000. Al sales are on credit and are collected as

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Romona Company expects its November sales to be 15% higher than its October sales of $210,000. Al sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $100,000 in October and are expected to be $190,000 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 O A. $68,850 O B. $95,050 OC. $222,050 OD. $81,950

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