Question 4 5 pts Gecko Company's budgeted monthly sales are as follows: April $220,000, May $260,000, June $190,000, and July $300,000. Sales are 70% cash and 30% on account. Gecko collects 40% of its accounts receivable in the month of the sale and 60% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 20% of the next month's cost of goods sold. All inventory purchases are paid 10% in the month of purchase and 90% in the following month. What are Gecko's budgeted cash collections for the month of June? $155,800 $179,800 $194,200 $202,600 O None of the above