The Taylor Hall Company Company has the following budgeted sales: April May June July Credit Sales 320 comma 000 space space space space300,000 350 comma 000 space space space space space400,000 Cash Sales 70 comma 000 space space space space space80,000 90 comma 000 space space space space space space space space70,000 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: $400,000 $435,000 $430,000 $390,000