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

	Cash Sales	Credit Sales
July	$70,000	$170,000
August	$75,000	$190,000
September	$32,000	$150,000
October	$37,000	$132,000
November	$47,000	$220,000
December	$100,000	$220,000

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 $65,000. Of this amount, $47,000 represented uncollected June sales and $18,000 represented uncollected May sales. Given these data, the total cash collected during July would be:

	$238,000
	$94,000
	$210,600
	$291,000