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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-ar $241,000,

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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-ar $241,000, $317,000, and $400,000, respectively. The company expects to sel 30% of its merchandise for cash. Of sales on account, 80% are expected to be colected n the month of the sale and 20% in the month following the sale. The cash collections expected in November from accounts receivable are projected to be: a. $224,000 b. $179,620 . $322,056 d. $268,380

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