Budgeted sales information for Blue Company is as follows:

	Cash	Credit
	Sales	Sales
June	$ 20,000	$ 150,000
July	$ 55,000	$ 120,000
August	$ 40,000	$ 140,000
September	$ 50,000	$ 130,000
October	$ 35,000	$ 100,000
November	$ 40,000	$ 150,000

The following information has been provided to assist in preparing the Budgeted Cash Collections schedule:

Collections on credit sales:
In month of sale	20%
In month following sale	65%
In second month following sale	15%

At June 1st, accounts receivable balance is $45,000. This amount is comprised of $40,000 of uncollected May sales and $5,000 of uncollected April sales. Expected total cash collections during June are: _______________

You must include your calculations