Arbor Co. has forecast sales to be $401,000 in May $476,000 in June. $576.000 in July and $701,000 in August. Forty percent of sales are made in cash, the remainder is on credit. Credit sales are collected 60% in the month of sale, the remaining the following month. What are budgeted cash collections for July? Multiple Choice $230,400 O 5460.000 $335.000 $552.000 Den 121