Sooners Company's accountant is in the process of preparing the company's budgeted financial statements for November and has collected the following data. September - actual.. October - actual. November - budgeted. ......... Credit Sales $ 90,000 100,000 120,000 Prior experience has indicated that 70% of a month's sales are collected in the month of sale, 20% in the month following sale, and the remaining 10% in the second month following sale. 12. What is the amount of the estimated collections from credit sales that can be expected during November? A. $120,000 B. $110,000 C. $113,000 D. $90,000 13. What is the budgeted balance in accounts receivable at the end of November? A. $46,000 B. $36,000 C. $94,000 D. $34.000