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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 November

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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 November -are $244,000, $315,000, and $418,000, 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. $292,300 Ob. $170,500 Oc. $244,000 Od. $136,640

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