Williamson Industries has the following information related to the last three months of 2019 Month Sales Purchases October $60,000 $32,000 November $80,000 $40,000 December $100,000 $56,000 Cash is collected from customers in the following manner: Month of sale 30% Month following 70% the sale 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 20% of sales. Other operating costs are $30,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. The cash balance on December 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. Hinnad from customers in December? Month of sale 30% Month following 70% the sale 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the llowing month. Labor costs are 20% of sales. Other operating costs are $30,000 per month (including $8,000 preciation). Both of these are paid in the month incurred. The cash balance on December 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. How much cash will be collected from customers in December? $100,000 $110,000 $94,000 $86,000