CoronadoInc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:

March April May June July

Budgeted sales $300600 $289600 $319800 $280900 $209800

Budgeted purchases $143100 $119000 $127300 $132200 $89600

Customer amounts on account are collected80% in the month of sale and20% in the following month.

Cost of goods sold is65% of sales

Coronadopurchases and pays for merchandise35% in the month of acquisition and65% 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 willCoronadoreceive during May from customers?

$312020

$313760

$255840

$295640