The following information is from White Mountain Furniture Company's financial records: 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 uncollectible. All purchases are on account. Management takes full advantage of the 2 percent discount allowed on purchases pai at $165,000. rsements for expenses are expected to be $36,000 for the month of November. The company's cash bala C Calculate the excepted cash balance on November 30. O A. $15,000 O B. $34.000 O C. $37,000 O D. $54,700 OE. $79,000 Click to select your answer MacBo esc F1 F2 F3 F4 # % 1 2 3 4 Purchases Sales $105.000 $180,000 $120,000 $165,000 $90,000 $135,000 $150,000 $195,000 20 percent in the month following the sale, and 9 percent in the second month following the sale. The balance is expected to be rchases paid by the tenth of the following month. Purchases for November are budgeted at $150,000, and sales for November are budgeted 's cash balance on November 1 was $55,000. MacBook Pro D FR F10 F12 & 7 8 9 O delete { P K