The Jaylen Brown Company Company has the following budgeted sales: April May June July Credit Sales 320,000 300,000 350,000 400,000 Cash Sales 70,000 80,000 90,000 70,000 The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted Cash Receipts for July would be: $435,000 O $430,000 O $400,000 $390,000