The following details have been extracted from the receivables records of X: Invoices paid in the month after sale 60% Invoices paid in the second month after sale 20% Invoices paid in the third month after sale 15% Bad debts 5% Credit sales for June to August 2011 are budgeted as follows: June July August $100,000 $150,000 $130,000 Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Invoices are issued on the last day of the month. The amount budgeted to be received in September 2011 from credit sales is: A. $115,190 B. $116,750 C. $121,440 D. $123,000