Hometown Lumber Company has the following expected sales in dollars from its Sales Budget for the year ended December $31,20$X$1$:

Q$1-$ $$110,000$ Q$2-$ $$116,800$ Q$3-$$$79,400$ Q$4-$ $$335,300$

Expected sales are $25\%$ cash, $75\%$ credit. For credit sales, $40\%$ are collected in the quarter of the sale, $60\%$ are collected in the following quarter. The Accounts Receivable balance at the beginning of Q$120$X$1$ is $$80,000.$ The total amount of cash expected to be collected in quarter$-1$ is:

Question $19$Answer

a$.$

$$139,550$

b$.$

$$105,395$

c$.$

$$80,000$

d$.$

$$140,500$