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Coronado, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: May March April June July

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Coronado, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: May March April June July Budgeted sales $300600 $289600 $319800 $280900 $209800 Budgeted purchases $143100 $119000 $127300 $132200 $89600 . Customer amounts on account are collected 80% in the month of sale and 20% in the following month. Cost of goods sold is 65% of sales. Coronado purchases and pays for merchandise 35% in the month of acquisition and 65% in the following month. Operating expenses are: Salaries, $51000: Depreciation $11800; Rent $14800; and Utilities, $13400. Accounts payable is used only for inventory acquisitions. How much cash will Coronado receive during May from customers? O $312020 O $313760 $255840 $295640

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