Trumbull Corporation budgeted sales on account of $128,000 for July, $212,000 for August, and $209,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: Multiple Choice $198,240 $201,360 $151,440 $173,280 The PDQ Company makes collections on credit sales according to the following schedule: 40% in month of sale 55% in month following sale 5% uncollectible The following sales have been budgeted: Cash collections in May would be: Numeric Response