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Riverside Corporation collects 30% of a month's sales in the month of sale, 60% in the month following sale, and 10% in the second month

Riverside Corporation collects 30% of a month's sales in the month of sale, 60% in the month following sale, and 10% in the second month following sale. Boagul sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $60,000 $140,000 $220,000 $230,000 The amount of cash that will be collected in July is budgeted to be

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