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

	Cash Sales	Credit Sales
July	$60,000	$160,000
August	$65,000	$180,000
September	$55,000	$140,000
October	$60,000	$155,000
November	$70,000	$210,000
December	$90,000	$450,000

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:

45% in month of sales

35% in month of following sales

20.0% in second month following sales

Assume that the accounts receivable balance on July 1 was $80,000. Of this amount, $55,000 represented uncollected June sales and $25,000 represented uncollected May sales. Given these data, the total cash collected during July would be:

	$250,000
	$100,000
	$192,000
	$270,000