Shelley Company is in the process of preparing a cash receipts schedule for October. October sales are budgeted to be $1,100,000. Collections of sales are expected to be as follows: 50% in the month of sale 40% in the month following the sale 7% in the second month following the sale 3% uncollectible. Uncollected sales as of September 31st are $500,000 of which $100,000 represents uncollected August sales and $400,000 represents uncollected September sales. Cash receipts for October would be budgeted to be: $940,000 $717,000 $890,000 $667,000 O None of the above