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Gallonte Incorporated began operations in April of this year. It makes all sales on account,...

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Accounting

Gallonte Incorporated 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,$100,000, and $70,000, respectively, what were the firm's budgeted collections for the quarter?
Multiple Choice
None of the answers is correct
$141,000
$207,000
$160,000
$171,000
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