The LaPann Company Has Obtained the Following Sales Forecast Data

Multiple Choice

The LaPann Company has obtained the following sales forecast data:
$\begin{array} { | l | r | r | r | r | } \hline & \text { July } & \text { August } & \text { September } & \text { October } \\\hline \text { Cash Sales } & \$ 80,000 & \$ 70,000 & \$ 50,000 & \$ 60,000 \\\hline \text { Credit Sales } & 240,000 & 220,000 & 180,000 & 200,000 \\\hline\end{array}$
The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.



-What are the budgeted cash receipts for October?

A) $188,000.
B) $226,000.
C) $248,000.
D) $278,000.