Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10, n/30, had credit sales for May and June of $150,000 and $170,000, respectively. Analysis of Spencer's opera- tions indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): Beyond Receiving Discount Discount Period Totals In month of sale .... 50% 25% 75% In month following sale.. 10% 10% 20% Uncollectible accounts, returns, and allowances .. 5% 100% Determine the estimated cash collected on customers' accounts in June.