The marketing department of lessi Corporation has submitted the following sales forecast for the upcoming fiscal year $($all sales are on account$)$:Q$102$Q$3$Q$4$Budgeted unit sales $500600400500$The selling price of the company's product is $$5\mathrm{.}00$ per unit. Management expects to collect $80\%$ of sales in the quarter in which the sales are made and $20\%$ in the following quarter. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $$500.$What are the expected cash collections for quarter $2?$