42 yet wered ked out of Silver Company makes a product that is very popular as a Mother's Day gift. The company's sales budget is given below. Month Budgeted sales February $230,000 March $260,000 April $300,000 la question June May $500,000 200,000 The company has learned that 20% of a montlys sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What are the budgeted total cash receipts from sales for the month of May $336,000 $213,000 $265,000 $420,000