Memphis Company anticipates total sales for April, May, and June

of $$980,000,$ $$1,080,000,$ and $$1,130,000$ respectively. Cash sales

are normally $30\%$ of total sales. Of the credit sales, $30\%$ are

collected in the same month as the sale, $65\%$ are collected during

the first month after the sale, and the remaining $5\%$ are not

collected. Compute the amount of cash received from total sales

during the month of May.Multiple Choice$$638,400.$$$728,700.$$$996,700.$$$672,700.$$$1,067,700.$