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Question 11 1 points Saved On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) $40,000 September sales (actual) $50,000 October sales (estimated) $20,000 November sales (estimated) $70,000 December sales (estimated) $60,000 Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month thereafter. Budgeted collections from customers in December total: OA. $55,000. OB. $64,000. OC. $59,000. D. $60,000