26. Cave Hardware's forecasted sales for April, May, June, and July are $240,000, $290,000, $100,000, and $230,000, respectively. Sales are 70% cash and 30% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 85% of sales and ending inventory is maintained at $50,000 plus 20% of the following month's cost of goods sold. All inventory purchases are paid 28% in the month of purchase and 72% in the following month. What are the cash collections budgeted for June at Cave Hardware? A.$157,000 B.$70,000 C.$107,000 D.$191,000