The following information is from White Mountain Furniture Company's financial records: Sales Month July August September October 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 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 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. $15,000 OB. $54,700 O c. $34,000 O D. $79,000 O E. $37.000 Click to select your answer. Sales Purchases $180,000 $165,000 $150,000 $195,000 $105,000 $120,000 $90,000 $135,000 e 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 nt 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 wer. The company's cash balance on November 1 was $55,000