1. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $247,000, $319,000, and $400,000, 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

   a.$172,900

   b.$247,000

   c.$138,320

   d.$296,400