Meredith Company has budgeted sales for the upcoming months as follows: April $458,000 May $470,000 June $497,000 July $524,000 August September $510,000 $484,000 40% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 50% in the month of sale, 40% in the month following the sale, and 5% in the second month following the sale. a. Compute Meredith Company's cash receipts for June. (Do not round intermediate calculations.) Cash Receipts