Noskey Corporation is a merchandising firm. Information pertaining to the company's sales revenue is presented in the following table. June July August (Actual) (Budget) (Budget) Cash sales 80,000 100,000 60,000 Credit sales 240.000 360,000 180.000 Total sales f320.000 460,000 240,000 Management estimates that 5% of credit sales are uncollectible. Of the credit sales that are collectible, 60% are collected in the month of sale and the remainder in the month following the sale. Purchases of inventory are equal to next month's cost of goods sold. The cost of goods sold is 30% of the selling price. All purchases of inventory are on account 25% are paid in the month of purchase and the remainder is paid in the month following the purchase. Noskey Corporation's budgeted cash collections in July from June credit sales are: Select one O A 144.000 B. 136,800 C. 96,000 OD. 291,200