The following information is from White Mountain Furniture Company's financial records Month July August September October Sales Purchases $180,000 $165 $150,000 $195,0 $105,00 $120,0 $90,00 $135 All sales are made on account. Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 9 percent in the second month following the sale. The balance is expected to be uncollectible All purchases are on account. Management takes full advantage of the 2 percent discount allowed on purchases paid by the tenth of the following month. Purchases for November are budgeted at $150,000, and sales for November are budgeted at $165,000 Cash disbursements for expenses are expected to be $36,000 for the month of November. The company's cash balance on November 1 was $55,000 Calculate the excepted cash balance on November 30 O A. $34,000 OB. $79,000 OC. $37,000 OD. $15,000 E. $54,700