LLLLLLL Lane 1 Sparrow Co makes and sells construction materials and has some cash sales and some credit sales. Actual credit sales for the past four months were as follows: February 50,000 March 60,000 April 20,000 May 40,000 20% of credit sales are expected to pay in the month of sale, 60% in the month after sale, 10% in the second month after sale and 10% are expected to be bad debts. Sparrow Co has budgeted that total sales in August will be $320,000, then $510,000 in September, $130,000 in October and $250,000 in November. 50% of sales are expected to be credit sales. Customers who pay in cash are given a 10% discount Task 2 Calculate the level of sales receipts that should be shown in the cash budget for October OA) $240,500 OB) $235,000 Ocj $221,200 OD $190,000 Cselection c G Search or type URL