The Gardner Company Expects Sales for October of $248,000

Multiple Choice

The Gardner Company expects sales for October of $248,000.Experience suggests that 45% of sales are for cash and 55% are on credit.The company collects 50% of its credit sales in the month of sale and 50% in the month following sale.Budgeted Accounts Receivable on September 30 is $67,000.What is the amount of cash expected to be collected in October?

A) $124,000.
B) $178,600.
C) $179,800.
D) $111,600.
E) $246,800.