The management accountant of G$-$Force Merchandising is preparing the cash budget for the third quarter of $2024.$

Management is in the process of upgrading its fleet of motor vehicles. During August the business expects to sell an old delivery motor van that cost $$540,000$ at a gain of $$54,000$ to an employee. Accumulated depreciation on this motor vehicle at that time is expected to be $$334,000.$ The employee will be allowed to pay a deposit equal to $60\%$ of the selling price in August; the balance will be settled in two equal amounts in September & October of $2024.$ What is the total cash expected to be collected from the sale for the quarter under review?

a$.$ $$208,000$

b$.$ $$432,000$

c$.$ $$260,000$

d$.$ $$156,000$