7. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three onths of business-September, October, and November-are $246,000, $320,000, and $414,000, respectively. The ompany expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the onth of the sale and 20% in the month following the sale. he cash collections expected in October from accounts receivable are estimated to be . $144,760 . $213,640 $179.200 . $256,368 28. Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $248.000. $310.,000, and $424.000, respectively, for September. October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are I a. $285.200 b. $272.800 . $223.200 d. $296,050