Dayton has forecast sales to be $207,000 in February, $279,000 in March, $297,000 in April, and $317,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 40% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? a) 179,550 b) 192,300 c) 259,800 d) 307,100