Thornton, Inc. has budgeted sales for the months of September and October at $303,000 and $262,000, 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. $235,800 B. $298,900 C. $272,700 D. $266,100