MarigoldInc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:

March April May June July

Budgeted sales$299500 $290000 $319700 $279100 $209800

Budgeted purchases $143900 $119400 $128800 $131000 $90000

Customer amounts on account are collected65% in the month of sale and35% in the following month.Cost of goods sold is65% of sales.Marigoldpurchases and pays for merchandise35% in the month of acquisition and65% in the following month.Operating expenses are: Salaries, $49600; Depreciation, $11600; Rent, $14700; and Utilities, $14100.Accounts payable is used only for inventory acquisitions.

How much cash willMarigoldreceive during May from customers?

$305490

$309305

$207805

$300395