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Wilco, Inc. budgets sales on account for the last six months of the year as: July August September October November December $100,000 $110,000 $130,000 $120,000

Wilco, Inc. budgets sales on account for the last six months of the year as: July August September October November December $100,000 $110,000 $130,000 $120,000 $140,000 $160,000 Wilco has also established the following collection pattern: 50% collected in the month of sale, 30% collected in the first month following sale, and 20% collected in the second month following sale. What amount will Wilco's budget for October cash collections? $125,000 O $140,000 Some other answer $60,000 $118.000

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