Wilco Inc. makes all sales on account. They have established by following collection pattern: 30% of sales are collected in the month of sale, 60% are collected in the first month after sale, 8% are collected in the second month after sale, and 2% are never collected. Sales for the most recent months are listed below: In addition, Wilco plans to sell a piece of equipment with a book value of $9,000 for $10,000 cash in November. What are the budgeted cash collections for November? $704,000$10,000$56,000$550,000