The Fraley Company, a merchandising firm, has planned the following sales for the next four months:

Total budgeted sales:

March- 50,000

April-70,000

May-90,000

June-60,000

Sales are made 40% for cash and 60% on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern:

Month of sale-70%

First month following month of sale-20%

Second month following month of sale-8%

Uncollectible-2%

Compute the budgeted cash receipts for June.