Question 16 3 p Apple Inc. began its operations on September 1 of the current year. Budgeted sales for the first three months of business September October, and November-are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. Of tales on acco 90% are expected to be collected in the month of the sale and 10% in the month following the sale. The cash collections expected in October from accounts receivable are estimated to be $145,600 O $254,450 $223,600 $182,000