Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,000,$300,000, and $420,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections in September from accounts receivable are: Select one: $240,000 $134,400 $192,000 $168,000