PTA Corporation budgeted its sales for the next seven months as follows: May June July August September October November Budgeted Sales $402,800 $288,090 $351,000 $463,000 $256,000 $397,000 $315,000 30% of the company's sales are cash sales and 70% of the company's sales are made on account. On average, 18% of the sales on account are collected in the month of sale, 29% is collected in the month following sale, 41% is collected in the second month following sale, and the remaining 12% is collected three months after the month of sale. The budgeted cash collections for the month of August would be equal to: O $351,450 $407,010 O $384,915 $246,015 $328,404 $490,350 $387,645 none of the above choices are correct