Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $245,000, $312,000, and $414,000, 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 expected in October are a.$272,720

a.$272,720

b.$286,120

c.$223,720

d.$296,925