rrect Question 2 Based on the following a business expects to collect $600,000 in June ($500,000 + $700,000)/2 May credit sales June credit sales $500,000 $700,000 80% in the month of sale, 20% the following month Collection history This answer is correct The correct answer is $660,000 ($700,000 x 80%) + ($500,000 x 20%) The correct answer is $960,000 ($500,000 x 80%) + ($700,000 X 80%) The correct answer is $560,000 ($700,000 x 80%)