ABC company's sales are 20% cash, and 80% credit.

For credit sales the company collects 50% one month after the sale, 30% two months after the sale, and 10% three months after the sale. Budgeted total sales for the upcoming four months are as follows:

June budgeted sales

$200,000

July budgeted sales

$100,000

August budgeted sales

$250,000

September budgeted sales

$300,000

What is the budgeted amount of total collections that will be collected in September?

Question 2 options:

a $235,000

b $60,000

c $200,000

d $140,000