Meredith Company has budgeted sales for the upcoming months as follows: April $ 452,000 May $ 466,000 June $ 495,000 July $ 524,000 August $ 509,000 September $ 476,000

40% of the sales are credit sales, the remainder are cash sales. Credit sales are collected 45% in the month of sale, 35% in the month following the sale, and 6% in the second month following the sale.

a.	Compute Meredith Companys cash receipts for June. (Do not round intermediate calculations.)