Ivory Incorporated has forecast purchases on account to be $314,000 in March, $374,000 in April, $424,000 in May, and $494,000 in June. Assume that 70% of purchases are paid for in the month of purchase, and the remaining 30% are paid in the following month. What are budgeted cash payments for June? Mutiple Choice 545,000 $473,000 5361,000 $297,000