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Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September October, and Novemb

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Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September October, and Novemb are $236,000, $314,000, and $406,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in September from accounts receivable are estimated to be Oa. 236.000 b. $281.200 Oc 5165.200 Od $132,160

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