Sheridan Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:

	March	April	May	June
Budgeted sales	$300900	$290200	$320800	$279500	$209400
Budgeted purchases	$144700	$120200	$127200	$131900	$90700

*Note: July In last column*

	Customer amounts on account are collected 75% in the month of sale and 25% in the following month.
	Cost of goods sold is 65% of sales.
	Sheridan purchases and pays for merchandise 35% in the month of acquisition and 65% in the following month.
	Operating expenses are: Salaries, $50500; Depreciation, $12100; Rent, $15600; and Utilities, $13400.
	Accounts payable is used only for inventory acquisitions.

How much cash will Sheridan receive during May from customers?

A. $310475

B. $313150

C. $240600

D. $297850