What average age of account receivable is forecast for the budget period? (Use the following data to answer this question.) ASSETS CASH ACCOUNT RECEIVABLE OTHER CURRENT ASSETS TOTAL CURRENT ASSETS OTHER ASSETS (NET) TOTAL ASSETS BALANCE SHEETS 12/32/20X2 $40,000 80,000 30,000 150,000 25,000 $175,000 12/31/2003 $50,000 120,000 15,000 185,000 20,000 $ 205,000 EQUITIES ACCOUNT PAYABLE TAX PAYABLE NOTES PAYABLE TOTAL CURRENT LIABILITIES LONG TERM DEBT CAPTIAL STOCK RETAINED EARNINGS NET WORKTH TOTAL EQUITIES $25,000 $35,000 5,000 5,000 25,000 20,000 55,000 60,000 50,000 65,000 50,000 50,000 20,000 30,000 70,000 80,000 $175,000 $ 205,000 20X3 MONTLY & ANNUAL INCOME STATEMENTS NOVEMBER DECEMBER FULL YEAR EARNINGS $54,000 $45,000 $608,000 COST OF CONSTRUCTION LARAR 000 10250 122.000 20x3 MONTLY & ANNUAL INCOME STATEMENTS NOVEMBER DECEMBER FULL YEAR EARNINGS $54,000 $45,000 $608,000 COST OF CONSTRUCTION LABOR 10,000 10,250 122,000 MATERIALS 30,500 23,500 334,000 TOTAL DIRECT COST 40,500 33,750 456,000 GROSS MARGIN 13,500 11,250 152,000 VARIABLE OPER. EXPENSE AUTO AND TRUCK 1,080 900 12,160 INDIRECT LABOR 1,620 1,350 18,240 TOTAL VARIABLE OPER. EXP. 2,700 2,250 30,400 FIXED OPER. EXPENSE SALARIES 8,000 8,000 96,000 OTHER 3,000 3,000 36,000 TOTAL FIXED OPER 11,000 11,000 132,000 EXPENSE TOTAL OPER. EXPENSE 13,700 13,250 162,400 NET PROFIT $200 -$2,000 -$10,400 OA) 45 days B) 60 days C) 15 days D) 30 days