Gardner Company expects sales for October of $244,000. 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 $65,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?

Multiple Choice

$134,200.

$67,100.

$122,000.

$109,800.

$65,000.