Memphis Company anticipates total sales for April, May, and June of $920,000, $1,020.000, and $1,070,000 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