9. Blue has forecast sales to be $427,000 in February, $557,000 in March, $597,000 in April, and $637,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?