The Following Sales Budget Has Been Prepared Collections Are 50% in the Month of Sale, 40% in }

The following sales budget has been prepared: $\begin{array}{lll}\text { Month } & \text { Cash Sales } & \text { Credit Sales } \\\text { September } & \$ 100,000 & \$ 200,000 \\\text { October } & 125,000 & 180,000 \\\text { November } & 207,000 & 199,000 \\\text { December } & 67,000 & 144,000\end{array}$ Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated. is the expected balance of Accounts Receivable as of October 31.

A) $118,000
B) $180,000
C) $72,500
D) $110,000