See two budgets below for a company:

Sales Forecast

Oct

Nov

Dec

Sales $

$$60,000$

$$50,000$

$$62,000$

Cash Receipts Budget

Given the above budget information, would be the $\frac{12}{31}$ ending balance for Accounts Receivable?

$$37,300$

$$24,800$

$$62,000$

$$20,000$