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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 $249,000, $315,000, and $421,000, 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 October from accounts receivable are estimated to be Oa: 3376400 Ob 5253.512 DL 1141540 $211.200

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