The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $203,000 and February $109,000. Collections for sales are 40% in the month of sale and 60% the next month Gross margin is 25% of sales. Administrative costs are $20,000 each month Beginning accounts receivable is $27.000 Beginning inventory is $22 Beginning accounts payable is $69,000 (All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 30% of next months cost of goods sold (COGS), At the end of January, budgeted accounts receivable is

The following information pertains to the January operating budget for Casey Corporation. . Budgeted sales for January $203,000 and February $109,000. Collections for sales are 40% in the month of sale and 60% the next month. Gross margin is 25% of sales. Administrative costs are $20,000 each month. Beginning accounts receivable is $27,000. Beginning inventory is $22,000. Beginning accounts payable is $69,000. (All from inventory purchases) Purchases are paid in full the following month. Desired ending inventory is 30% of next month's cost of goods sold (COGS). . At the end of January, budgeted accounts receivable is OA. $121,800 OB. $97,800 OC. $65.400 OD. $81,200