TB MC Qu$.07-124($Algo$)$ Gardner Company expects sales...

Gardner Company expects sales for October of $$244,000.$ Experience suggests that $40\%$ of sales are for cash and $60\%$ are on credit. The company collects $50\%$ of its credit sales in the month of sale and $50\%$ in the month following sale. Budgeted Accounts Receivable on September $30$ is $$66,000.$ What is the amount of cash expected to be collected in October?

Multiple Choice

$$122,000.$

$$163,600.$

$$170,800.$