Kam Department Store Reported the Following Information for 2019 $\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad\quad November \quad December }$

Kam Department Store reported the following information for 2019:

$\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad\quad November \quad December }$
$\text { Budgeted Sales } \quad \$ 1,240,000 \quad \$ 1,160,000 \quad \$ 1,440,000$ All sales are on credit.
-Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much cash will Kam receive in November?

A) $580,000
B) $1,300,000
C) $1,200,000
D) $1,160,000