QUESTION 18 Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $350,000, and $400,000, respectively, for September, October, and November. 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 in September from accounts receivable are A. $223,600 B. $145,600 C. $192,000 D. $168,000