Gardner Company expects sales for October of $241,000. Experience suggests that 40% of sales are for cash and 60% 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 $64,500. What is the amount of cash expected to be collected in October? $233,200. $96,400. $168,700. $120,500. $160,900