Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $180,000 $260,000 $160,000 The amount of cash that will be collected in July is budgeted to be $209,000 $56,000 $212,000 $153,000