Schedule of Cash Collections on Accounts Receivable and Cash Budget

Lopez Inc. found that about 10% of its sales during the month were for cash. Lopez has the following accounts receivable payment experience:

Percent paid in the month of sale	30%
Percent paid in the month after the sale	60%
Percent paid in the second month after the sale	8%

Lopez's anticipated sales for the next few months are as follows:

April	$210,000
May	250,000
June	220,000
July	242,000
August	270,000

Required:

Calculate the budgeted cash receipts for the month of August. If required, round your answer to the nearest whole dollar.

Cash receipts $fill in the blank 1