Question 40 (0.25 points) April budgeted sales May budgeted sales June budgeted sales July budgeted saels $150,000 $130,000 $280,000 $220,000 Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are above. The amount of cash that will be collected in July is budgeted to be $160,500 $88,000 $217,000 $248,500