Consider the Cash Receipts Projections of Emma Inc

Consider the cash receipts projections of Emma Inc.that is developing a cash budget for October ,November and December; sales in August and September were $200,000 and $500,000 respectively.The forecast sales are $800,000,$900,000 and $200,000 for October,November and December respectively.15 % of sales are cash sales and 85% are credit sales; collects about 60% of each month's sales in the next month but waiting until the following month for the remaining 25% of sales.Bad debts are negligible.The Firm is expectsing cash dividend of $25,000 in December from a subsidiary.What are the accounts receivable collected in October? (In thousands)

A) $350
B) $470
C) $300
D) $0