Blue hos forecast sales to be $428,000 in February. $558,000 in March, $598.000 in April, and $638,000 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? Multiple Choice $319,000 $610,000 $638,000 $498030