Tui Sports Limited has prepared the following sales budget for the Christmas/holiday period:

• MonthCash SalesCredit SalesTotal Sales
• November$ 40,000$ 80,000$120,000
• December120,000160,000280,000
• January160,000200,000360,000
• February80,000120,000200,000

Collections from credit sales are 30 percent in the month of sale, 50 percent in the month following the sale, and 20 percent two months following the sale. The estimated account receivable balance at the beginning of February is

Group of answer choices

$132,000.

$308,000.

$172,000.

$236,000.