Blue Incorporated has forecast sales to be $$426,000$ in February, $$556,000$ in March, $$596,000$ in April, and $$636,000$ 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

$$ $$608,000$

$$ $$636,000$

$$ $$318,000$

$$ $$496,397$