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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-September, October, and November-are $237,000,

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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-September, October, and November-are $237,000, $317,000, and $421,000, respectively. 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 $288,320 $299,000 $224,920 $272,320

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