Grove Company has budgeted the following credit sales for the last six months of the current year.

$\backslash$table$[[\backslash$table$[[$GROVE COMPANY$],[$BUDGETED CREDIT SALES$]]],[$July$,$$$,300,000,$October,$$,500,000],[$August$,,350,000,$November,,$450,000],[$September$,,400,000,$December,,$600,000]]$

Based on previous experience, the company collects its credit sales in the following manner: $50\%$ in the month of sale, $30\%$ in the month following sale, and $20\%$ in the second month following the sale.

What are the company's estimated cash collections on credit sales for the month of October?

$$505,000.$

$$395,000.$

$$440,000.$

$$365,000.$