QUESTION 4 Archer Electronics is preparing its annual budget, and your department is working on the cash flow budget. Here is selected information you have Description June July August Sales $348,000 $438,000 $450,000 The company makes 10% of its sales for cash and 90% on credit. Of the credit sales, 20% are collected in the month after the sale and 80% are collected two months after. The cash receipts for August are: O A. Not enough information to solve the problem O B. $326,000 O C. $374,400 O D. $366.000 O E. No answers are correct