Frank's sporting goods projects sales for the fourth quarter of 2021 to be as follows:

October $200,000 November $300,000 December $400,000

All of Frank's sales are on credit, 30% of credit sales are collected one month following the sale and the rest are collected two months following the sale.

July sales were $100,000, August sales were $150,000, and September sales were $200,000.

Question: If you prepare a monthly schedule of cash receipts for the fourth quarter of 2021, what would be the total cash collection for the month of December only?

Question 28 options:

A)	$163,500
B)	$272,500
C)	$266,500
D)	$230,000