Silver Company makes a product that is very popular as a Mothers Day gift. The companys sales budget is given below: Month Budgeted sales February $230,000 March $260,000 April $300,000 May $500,000 June $200,000 The company has learned that 20% of a months sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What are the budgeted total cash receipts from sales for the month of June