The following three questions are based on this information for Bright Minds Toy Company Bright Minds prepared a sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Eright Minds expects to collect 70% of the sales on account in the month of sale, and 20% in the month following the sale, and the remainder in the second month following the sale. Based on the information above for Bright Minds Toy Company, what is the amount of cash inflow for revenue from customers that the company will report on the second quarter pro forma statement of cash flows? Hint: prepare the cash portion of the sales operating budget to answer the question. $461,900 $128,000 $1,170,300 $1,042,300