Thornton, Inc. has budgeted sales for the months of September and October at $300,000 and $270,000, respectively. Monthly sales are 20% credit and 80% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October.

A)

$273,000

B)

$270,000

C)

$243,000

D)

$297,000