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Swifty Corporation reported the following information for 2022: October November December Budgeted sales $1300000 $1220000 $1540000 All sales are on credit. Accounts receivable are collected

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Swifty Corporation reported the following information for 2022: October November December Budgeted sales $1300000 $1220000 $1540000 All sales are on credit. Accounts receivable are collected 50% in the month of sale and 50% in the following month. What are budgeted cash receipts for November? O $1380000 O $610000 O $1220000

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