Jackson Company has developed the following sales projections for the calendar year: May June July August September October $130,000 150,000 170,000 190,000 180,000 160,000 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 ares (CMA adapted) Multiple Choice O O $543,000. O $531,000. O $499,500. $434,000