Nadhill, Inc. provided the following information: March April May Projected merchandise purchases $76,000 $65,000 $70,000 Nadhill pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses (all of which are paid in cash) are budgeted to be $22,000 per month. Nadhill pays operating expenses in the month incurred. August September October $470,000 S540,000 $660,000 O'Reilly estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 20% in the second month following the sale. Instructi ons: How much are O'Reilly Company's budgeted cash receipts for October