Gardner Company expects sales for October of $245,000. 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 $66,500. What is the amount of cash expected to be collected in October?

o $176,750. o $244,25. $244,125. o $177,625. o $122,500. o $110,250