Questions 1-2 use the same information. Common information will be repeated for each question. Allstate Company budgeted the following sales for the last three months of the year: October November December Cash Sales $80,000 $90,000 $106,000 Credit Sales 360,000 380,000 400,000 Credit sales are normally collected as follows: 30% in the month of sale and 70% in the month following the sale. How much cash should Allstate Company expect to collect in December? $492,000 $480,400 $388,000 $488,000