Gardner Company expects sales for October of $248,000. Experience suggests that 55% of sales are for cash and 45% 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 $68,000. What is the amount of cash expected to be collected in October? $124,000. $204,400. $192,200. $136,400. $260,200