You have the following information about a restaurant in year 2018: a. Actual sales Revenue in October was $70,000. b. Actual Cost of Sales in October was $20,000 Sales revenue is usually 50% cash, 30% on CC/R, and 20% on A/R. 80% of CC/R is collected in the month of sales and the remaining 20% is collected early in the following month. All A/R is collected in the following month. Cost of Sales; 30% is paid in the month of purchase and the remaining 70% is paid in the month following the purchases. The condensed budgeted income statement for November and December 2013 follows: Accounts Sales revenue November 80,000 Cost of Sales 30,000 Wages Exp 15,000 Operating Expenses 6,000 Depreciation Exp 3,000 Total Expenses 54,000 Operating Income 26,000 The wages and operating expenses are paid in the same month that they incur. The balance of cash at the beginning of November was $15,000. Complete the following cash budget for Manombor 2019 LHIC SOHC IHIILIT HAL ucy Hur. HHC walance UI cash at the beginning of November was $15,000. Complete the following cash budget for November and December 2018. How much is the total cash receipts for the month of November? Oc. a.$54,000 b.$72,800 $77,400 d. $74,800 How much is the total cash payments for the month of November? Oa. $57,700 b.$51,000 c.$52,300$ d.44,000 How much is the balance of cash at the end of November? Oa. O. Oc. $38,800 $17,100 $48,400 d. $33,800