Meredith Company has budgeted sales for the upcoming months as follows April May June July August September $362,000 374,000 394,000 414,000 402,000 382,000 Assume that 40 percent of the sales are credit sales, and the remainder are cash sales. Credit sales are collected 50 percent i the month of sale, 40 percent in the month following the sale, and 10 percent in the second month following the sale. Required: a. Compute Meredith Company's budgeted cash receipts for June. Note: Do not round intermediate calculations. Cash Receipts