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Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $231,000, $320,000, and

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Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $231,000, $320,000, and $416,000, 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 in November are O $394.400 OD 5104.000 Oc. 5473.280 Od 5215.400

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