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Sunland, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: March April May June July

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Sunland, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: March April May June July Budgeted sales $299200 $289800 $321000 $280300 $209700 Budgeted purchases $144500 $119700 $128000 $132700 $89400 Customer amounts on account are collected 60% in the month of sale and 40% in the following month. . Cost of goods sold is 70% of sales. Sunland purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. Operating expenses are: Salaries, $51000; Depreciation, $12000; Rent, $14400; and Utilities, $14800. Accounts payable is used only for inventory acquisitions. How much cash will Sunland receive during May from customers? O $304720 O $308520 $192600 O $302280

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