Pacific Place has developed the following sales forecast for the following months. Month May June July August Sales $500,000 $650,000 $380,000 $300,000 The collection policy for customers is: 40 percent in the month of sale 60 percent in the following month after sale How much is the expected total cash collections from customers in June? Multiple Choice $590,000 $560,000 $260.000 $300,000 $610,000