the choices are on the second pic

Required informotion TtS-824 inc, is a retaike, its accountants are preparing the comipany's 2nd quarter master budget. The company has the following balance sheet ak of March 31 TES 824 accouriants have made the following estimates: 1. Saies for Aprit, May, Jurie, and July will be $270,000,$290,000,$280.000, and $300,000, respectively 2. An sibies are on crede. Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accourts receivable at March 31 whi be collected in Aprii. 3. Each monthis ending enyentory must equal 30\% of next month/s cost of goods sold. The cost of goods sold as 60 of sales. The caenpany pays for 40.4 of ik merchandise pulchasis in the month of the purchase and the remaining 60 in the month following the purchase. Ali of the occounts poyabie at March Jt are Ielated to prevoias theichandise purchases and will be pald in Aprit. 4. Monthly selling and administratwe expenisef are always 550000 . tach month 55,000 of this total amount is deprechation expense and the repsainng $45.000 is spent for expenses that ace paid in the month they are incured. 5. The corppiny wil not borrow cooney or pay or deciare dividends during the Znd quarter The comparty wal not issue ary cominon stock or iepurchase its own stock during the 2nd quarter. How much is the company's expected cash collections in the month of May? Multiple Choice $175,500 $277,000 $188,500 $101,500