Cautious Company has the following sales projection (in units) for the next six months: Feb: 11000 Mar: 12500 Apr: 10000 May: 13500 Jun: 11500 Jul: 9000 Each unit sells for $26 through April and $29 starting in May. Cautious has prepared the following sales budget for the quarter of April, May and June:

Sales Budget
	April	May	June	Total
Sales in units	10000	13500	11500	35000
Selling price per unit	x $26	x $29	x $29
Sales revenue	$260000	$391500	$333500	$985000

All of the sales are on credit. Cautious collects from customers as follows: 50% of sales in the month of sale 25% in the month following the sale, and 25% in the second month following the sale Prepare a cash receipts budget on paper or in Excel for the quarter of April, May and June. What is budgeted cash receipts in June?