Target began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, 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, 90% are expected to be collected in the month of the sale and 10% in the month following the sale. The cash collections expected in November from accounts receivable are estimated to be O $278,250 O $262,500 $294,500 $246,400