The following credit sales are budgeted by Milford Company: $476,000 700,000 980,000 840,000 May June July August The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of August is $864,080. $784,000. $840,000 $823,200