Nuthatch corporation began its operations on september 1 of the current year. budgeted sales for the first three months of business are $260,000, $375,000, and $400,000, respectively, for september, october, and november. 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 november from accounts receivable are projected to be:
(a) $280,000
(b) $316,400
(c) $295,200
(d) $296,250