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 $260,000, $375,000, 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 October from accounts receivable are estimated to be a. $210,000 b. $294,500 C. $246,400 d. $262,500