Budget Inc provides the following information about it forecast sales for the 3rd quarter of 2016

	July 2016	August 2016	September 2016
	$	$	$
Credit sales	280,000	310,000	220,000
Cash sales	50,000	60,000	24,000

Based on the company's collection history, 40% of credit sales are collected in month of sale and the remaining 60% is collected in the month after the sales occurs. Total cash receipts for August 2016 are expected to be: A. $60,000 B. $184,000 C. $352,000

D. $382,000