Spencer Company has budgeted sales for the upcoming months as follows:

February $ 610,000

March $ 619,000

April $ 654,000

May $ 679,000

70% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 40% in the month of sale, 50% in the month following the sale, and 10% in the second month following the sale.

a. Compute Spencers cash receipts for April. (Do not round intermediate calculations.)

b. Compute Spencers cash receipts for May. (Do not round intermediate calculations.)

c. Compute the accounts receivable balance for May 31. (Do not round intermediate calculations.)