Gardner Company expects sales for October of $258,000. Experience suggests that 40% of sales are for cash and 60% 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 $72,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? $103,200. $129,000. $72,000. $77,400. $154,800