Arsenal soccer forecasts the following sales figures for the next four months.

April	May	June	July
$250 000	$180 000	$225 000	$150 000

Cash sales average 15 per cent of total sales and credit sales are collected 60 per cent in the month of sale and 40 per cent in the month following sale. What are the estimated cash collections in May?

Select one:

$195 000

$180 000

$82 700

$203 800