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Big Boats is a manufacturer of yachts dealing with high value customers in Southern Florida. Based on experience, they anticipate cash collections to occur as

Big Boats is a manufacturer of yachts dealing with high value customers in Southern Florida. Based on experience, they anticipate cash collections to occur as outlined below:

25% in the month of the sale

50% in the month after the sale

23% two months after the sale

2% are written off as bad debts and will never be collected

Sales for the last three months are given below.

March April May
346,503 368,549 407,207

How much cash did Big Boats Collect during the month of May? Round your answer to the nearest whole number.

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