Kevin Montgomery Heat seeks your stance to develop charter kiget information for May June and July Al April 30, the company had th of $445,000, reventones of $454,250, and accounts payable of $11,055. The budget is to be based on the following assumptions e SALES Each month's sales are billed on the last day of the month Customers are wowed a discount payment is made with 10 days after the bengde cebes are recorded in the accounts at the gross amounts one of count 55% of the beings are collected within the discount period 0% are corected by the end of the month are collected by the end of the second month and out to be uncollectible PURCHASES The marketing general and administrative expenses and 60of all purchases of merchandise are paid in the month purchased, with the remainder of merchandise purchases paid in the following month The number of units in each months ending inventory is equal to 125% of the next month's units of sales. The cost of each unit of inventory is $30 Marketing, general and administrative expenses, of which STOOO is depreciation, are equal to 15% of the current month's sales Actual and projected sales are as shown below March April Dollars S400,000 $492,000 $454,00 5464,000 $48.000 $455,000 Units 12,600 12,900 12,700 12,200 12,500 13,000 July August What are the budgeted cash collections during the month of May? March April May June July August Dollars $480,000 $492,000 $484,000 $464,000 $488,000 $488,000 Units 12,600 12, 900 12,700 12, 200 12,800 13,000 What are the budgeted cash collections during the month of May? Multiple Choice $482,803. $453,282. $461.400. $479,936