This Question: 1 pt 36 of 40 The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $202,000 and February $110,000. Collections for sales are 50% in the month of sale and 50% the next month. * Gross margin is 25% of sales. Administrative costs are $12,000 each month. Beginning accounts receivable is $23,000. . Beginning inventory is $20,000 Beginning accounts payable is $75,000.(All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 25% of next month's cst of goods sold (COGS). For January, budgeted cash colections are . $23,000 O B. $124,000 O C. $202,000 O D. $101,000 Click to select your answer MacBook A esc : FI F2 au Fs F6