Required informetion following talince sheet as of Maich 31 IFS 730 accouritanis have made the following estimales: 1. Sales for Apeit May June, and July wit be \\( \\$ 350000 \\$ 370,000 \\$ 360,000 \\) and \\( \\$ 380000 \\) respecilively 2. Al soles are on credit. Each montlis credil sales afe collocied \35 in the monh of sole and \65 in the month following the sale. All of the accounis ieceivable at March 31 will be colkcted in Apait merchandiso purchases in the inonth of the parchase and the remaing \60 in the monh following the paichase. All of the accounts payable at March 31 are Ietared to prevous mechandise puechates and will he paid in Apel March 3 t will be collected in Apil 3. Each month's ending inventory must equal 30\\% of next inonths cost of goods sokl. The cost of goods sold is 705 of saks. The company prys lor 40 s of its merchandise putchases in the month of the purchase and the remaining \60 in the month following ihe parchase. All od the accounts poyable at March 31 are retaled to previous merchandise puichares-and will be poid in Aprit 4. Monthly sellng and admiristrative expenses are always \\( \\$ 46.000 \\). Fach month \\( \\$ 7.000 \\) of this total amount is depreciation exponse and the remaining \\( \\$ 39.000 \\) is spent for copenses, that are pold in the month thy are incuited. slock duning the 2nd quallet How much is the compony's expected cash colkections in the month of Moy? Winger Chact \\( \\$ 227500 \\) Multiole Choice \\( \\$ 357000 \\) 5227,500 \\( \\$ 260,500 \\) 3120,500