Gardner Company expects sales for October of $240,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $64,000. What is the amount of cash expected to be collected in October? Multiple Choice $120,000. $172,000 O O $174.000. $108,000. O $238,000