Transcribed Image Text: Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month

Transcribed Image Text: Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following
collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale:
and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000,
S80,000, and $70,000, respectively, what were the firm’s budgeted collections for the quarter?
$140,000.
$121,000.
$153,000.
$175,000.
None of the answers is correct.

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