The following data is used for the next 2 questions: Livingstone Manufacturing has the following sales budgets for the fourth quarter Cash sales Credit sales October $290.200 $93.160 November $312.400 $137600 December 5404800 $159, 120 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 month following sale. How much cash will vingstone collect in December? 350 646 5561920 The following data is the same as the previous question: Livingstone Manufacturine 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 $159,120 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 24 month following sale. What is Livingstone's Accounts Receivable balance as of December 31st $84.288 $631548 50 5225568