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Ruiz Co's budget includes the following credit sales for the current year: September $149,000; October, $140,000: November, $124,000; December, $161,000. Credit sales are collected as

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Ruiz Co's budget includes the following credit sales for the current year: September $149,000; October, $140,000: November, $124,000; December, $161,000. Credit sales are collected as follows: 10% in the month of sale, 60% in the first month after sale, and 30% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales? Multiple Choice O $116,400 O $90,500 O $161,000 $132.500 MacBook Pro OSC S )

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