Sheridan Company, a wholesaler, budgeted the following sales for the indicated months: June July_ August Sales on account $2280000 $2340000 $2430000 Cash sales 228000 258000 348000 Total sales $2508000 $2598000 $2778000 All merchandise is marked up to sell at its invoice cost plus 20%. Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold. The cost of goods sold for the month of June is anticipated to be O $1755600. O $1929231. O $2090000. O $2006400