Gardner Company expects sales for October of $249,000. 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 $67,500. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? Multiple Choice $112,050. $136,950. $124,500. $68,475