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Dayton has forecast sales to be $214,000 in February, $277000 in March$293.000 in April, and $314.000 in May. The average cost of goods sold is

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Dayton has forecast sales to be $214,000 in February, $277000 in March$293.000 in April, and $314.000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? - Multiple Choice O $170.600 O O $180.350 O

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