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E&D Clothing manufactures and sells 100% organic clothing. The company is preparing the budget for the 3rd quarter and estimates that cash sales will be

E&D Clothing manufactures and sells 100% organic clothing. The company is preparing the budget for the 3rd quarter and estimates that cash sales will be $124,000, $140,000, and $138,000 for July, August, and September, respectively. Credit sales during this time are expected to be $204,000, $210,000, and $234,000, respectively. The company collects its credit sales in the following pattern: 30% in the month of sale, 60% in the month following the sale, 5% in the second month after the sale, and the remaining 5% uncollectible. How much cash will be collected from customers in September?

A : $344,400 B : $334,200 C : $274,200 D : $206,400

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