Question 3 Not yet Month answered Marked out of 1.00 Flag question Silver Company makes a product that is very popular as a Mother's Day gift. The company's sales budget is given below: Budgeted sales February $230,000 March $260,000 April $300,000 $500,000 May June $200,000 The company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What are the budgeted total cash receipts from sales for the month of June