XYZ Company budgeted sales for December is $150,000. Assume that 20% of sales are collected in the month of sale, 70% in the month following sale, and 10% in the second month following sale. Account receivable at the end of November is $100,000 which includes $70,000 from November's sales and S30,000 from October's sales. 4 Find: (a) amount of total cash collections in December, (b) account receivable balance at the end of December