The Following Sales Budget Has Been Prepared Collections Are 50% in the Month of Sale, 40% in }

Multiple Choice

The following sales budget has been prepared: $\begin{array}{lrr}\text { Month } & \text { Cash Sales } & \text { Credit Sales } \\\hline \text { September } & \$ 123,000 & \$ 210,000 \\\text { October } & 140,000 & 180,000 \\\text { November } & 167,000 & 260,000 \\\text { December } & 189,000 & 190,000\end{array}$ Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale.No uncollectible accounts are anticipated._____ is the estimated cash collection in October from October sales

A) $230,000
B) $125,000
C) $310,000
D) None of these answers is correct