Dilom Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $260,000 for November, $230,000 for December, and $210,000 for January. Collections are expected to be 55% in the month of sale, 40% in the month following the sale, and 5% uncollectible. The cost of goods sold is 80% of sales. 4. The accounts receivable balance, net of uncollectible accounts, at the end of December would be: A. $89,500 B. $92,000 C. $103,500 D. $196,000