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Adidas Corporation prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows:

Adidas Corporation prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows:

Sales Budget April May June
Cash sales 30,000 43,000 55,000
Sales of account 370,000 432,000 405,000
400,000 475,000 460,000

Adidas expects to collect 70% of the sales on account in the month of sale, and 20% in the month following the sale, and the remainder in the second month following the sale.

What is the amount of budgeted cash collections for June?

A. $460,000

B. $461,900

C. $406,900

D. $424,900

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