A company has the following budgeted sales: July $200,000 August $300,000 September$250,000 20% of the sales are for cash, and 80% are on credit, 25 % of the credit sales are collected in the month of sale, and 75% are collected the next month. What are the total expected cash receipts during September? $250,000 $262.500 $275,000 $280,000