Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first 3 months of business-September, October, and November-are $241,000, $311,000, and $421,000, 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.