Thornton, Inc. has budgeted sales for the months of September and October at

$ 310 comma 000$310,000

and

$ 267 comma 000$267,000,

respectively. Monthly sales are

8080%

credit and

2020%

cash. Of the credit sales,

5050%

are collected in the month of sale, and

5050%

are collected in the following month. Calculate cash collections for the month of October.

A.

$ 186 comma 000$186,000

B.

$ 284 comma 200$284,200

C.

$ 160 comma 200$160,200

D.

$ 292 comma 800$292,800