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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 $231,000,$310,000,

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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-are $231,000,$310,000, and $410,000, 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%6 in the month following the sale. The cash collections expected in November from accounts receivable are projected to be: a. 5229,600 b. $327,600 c. $273,000 d. 518h200

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