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

Swifty, 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

$300700 $291000 $321000 $281000 $210400

Budgeted purchases

$143900 $120000 $128000 $132500 $90200

Customer amounts on account are collected 65% in the month of sale and 35% in the following month.
Cost of goods sold is 70% of sales.
Swifty purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.
Operating expenses are: Salaries, $49600; Depreciation, $11600; Rent, $15400; and Utilities, $14800.
Accounts payable is used only for inventory acquisitions.

How much cash will Swifty receive during May from customers?

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