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	April		May		June
Cash Sales	65,000		57,000		90,000
Sales on Account	405,000		460,000		440,000
	470,000		517,000		530,000

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

• $467,100

• $530,500

• $530,000

• $487,900