how to solve

Blue has forecast sales to be $426,000 in February, $556,000 in March, $596,000 in April, and $636,000 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 $496,397 $636 000