Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget Cash Sales Sales on Account April May June 60,000 55,000 85,000 400,000 456,000 435,000 460,000 511,000 520,000 Bright Minds expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale and the remainder in the second month following the sale. What is the amount of budgeted cash collections for June? Multiple Choice $520,700 $520.000 $478.900 $458,500