PTA Corporation budgeted its sales for the next seven months as follows:  Budgeted Sales May $391,000 June $476,000 July $424,000 August $519,000 September $463,000 October $378,000 November $527,000 10% of the company's sales are cash sales and 90% of the company's sales are made on account. On average, 24% of the sales on account are collected in the month of sale, 16% is collected in the month following sale, 43% is collected in the second month following sale, and the remaining 17% is collected three months after the month of sale. The budgeted cash collections for the month of August would be equal to:

Group of answer choices

$463,550

$417,195

$442,860

$515,450

$390,890

$469,095

$448,395

none of the above choices are correct