Gardner Company expects sales for October of $246,000. 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 $66,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?

Multiple Choice

$110,700.

$123,000.

$66,000.

$67,650.

$135,300.