Dayton has forecast sales to be $214,000 in February $279,000 in March, $298,000 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 50% 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 $182.500 $250,000 $302,200 $169,750