Jackson Company has developed the following sales projections for the calendar year May June July August September October $138,000 158,000 178,000 198,000 188,000 168,000 Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month following the sale. The remaining 5% of sales are never collected. Jackson's budgeted cash collections for the third calendar quarter are: (CMA adapted) Multiple Choice O $568,000 $555,000 S522,300. $454,000