Meredith Company has budgeted sales for the upcoming months as follows: April May June July August September $ 459,000 $ 469,000 $ 495,000 $ 518,000 $ 501,000 $ 477,000 30% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 45% in the month of sale, 40% in the month following the sale, and 7% in the second month following the sale. a. Compute Meredith Company's cash receipts for June. (Do not round intermediate calculations.) Cash Receipts