44 Save A Company D has forecast sales to be $210,000 in February, $271,000 in March, $299,000 in April, and $318.000 in May The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 40% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? $100,350 $177,600 $308,050 $257,850