The records of morgantown, inc. show the following forecasted sales: month sales september $400,000 october 500,000 november 300,000 december 200,000 collection pattern: 60 percent in month of sale 40 percent in month following the sale accounts receivable as of august 31 $70,000 finished goods inventory as of august 31 8,000 units the company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20 percent of next month's sales. how much is accounts receivable as of october 31?