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Use this information about Nuthatch Corporation to answer the question that follows. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted

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Use this information about Nuthatch Corporation to answer the question that follows. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first 3 months of business-September, October, and November-are $231,000, $317,000, and $414,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in September from accounts receivable are estimated to be Oa. $277,200 Ob. $129,360 Oc. $161,700 Od. $231,000

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