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HAM Company has budgeted sales for the next six months as follows: Budgeted Sales March $224,000 April $209,000 May $276,000 June $231,000 July $198,000 August

HAM Company has budgeted sales for the next six months as follows:  Budgeted Sales March $224,000 April $209,000 May $276,000 June $231,000 July $198,000 August $243,000 20% of the company's sales are cash sales and 80% of the company's sales are made on account. On average, 36% of the sales on account are collected in the month of sale, 27% is collected in the month following sale, 22% is collected in the second month following sale, and the remaining 15% is collected three months after the month of sale. The budgeted cash collections for the month of June is equal to:

Group of answer choices

$189,808

$200,300

$232,152

$236,008

$237,260

$283,460

$316,920

none of the above choices are correct

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