Memphis Company anticipates total sales for April, May, and June of $890,000,$990,000, and $1,040,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 10% are not collected. Compute the amount of cash received from credit sales during the month of May. $519,400. $634,200, $878,700. $581,700. $946,200