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The following data is the same as the previous question: Livingstone Manufacturing has the following sales budgets for the fourth quarter. Cash sales Credit sales

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The following data is the same as the previous question: Livingstone Manufacturing has the following sales budgets for the fourth quarter. Cash sales Credit sales October $290,200 $93,160 November $312,400 $137,600 December $404,800 $180,200 The accounting manager has analyzed cash collections and determined that credit sales are collected 60% in the month of sale, 25% in the month following the sale, and 15% in the 2nd month following sale. What is Livingstone's Accounts Receivable balance as of December 31st? $92,720 $225,568 O $0 $84.288

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