Mitchell Company had the following budgeted sales for the last half of last year:

	Cash Sales	Credit Sales
July	$80,000	$180,000
August	$85,000	$200,000
September	$53,000	$160,000
October	$58,000	$153,000
November	$68,000	$230,000
December	$110,000	$430,000

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on credit sales:

50% in month of sales

40% in month of following sales

10.0% in second month following sales

Assume that the accounts receivable balance on July 1 was $70,000. Of this amount, $47,000 represented uncollected June sales and $23,000 represented uncollected May sales. Given these data, the total cash collected during July would be:

	$316,000
	$274,000
	$94,000
	$230,600