Current Attempt in Progress Majestic Industries Ltd. collects 30% of a month's sales in the month of sale, 50% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: March budgeted sales $310,000 April budgeted sales $280,000 May budgeted sales $330,000 June budgeted sales $285,000 The amount of cash that will be collected in June is budgeted to be: $285,500 $292,500 $85,500 $250,500