Gardner Company Expects Sales for October of $248,000

Multiple Choice

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 Accounts Receivable on the October 31 budgeted balance sheet?

A) $111,600.
B) $124,000.
C) $67,000.
D) $68,200.
E) $136,400.