The LaGrange Corporation had the following budgeted sales for the first half of the current year: The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Coliections on sales: A5S in month of sale 40x in month following sale Bstin second inonth following saie The accounts recelvable balance on January 1 of the current year was $69,000, of which $44,000 represents uncollectrd December sales and $25,000 represents uncoliected November sales. What is the budpeted accounts recelvable baliance on Moy 31 ? Multiple Choice $114,750 $139,750 $121,000 $254,500