In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10, n/30, with a 5% discount on patient payments made with cash. Suburban estimates its total billings for the second calendar quarter of the year as follows: April, \($200,000;\) May, \($240,000;\) and June, \($290,000\). Historically, Suburban has had the following patient collection patterns:

What would be Suburban's budgeted total cash collection for June?

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In month of sale: Portions of Total Sales Cash at time of sale 25% On account during the discount period.... 20% On account after the discount period. 10% In month following sale: On account after the discount period.... 25% In second month following sale: On account after discount period. 15% Average portion uncollectible 5% 100%