The WRT Corporation makes collections on sales according to the following schedule:

45% in month of sale

48% in month following sale

7% in second month following sale

The following sales have been are expected:

	Expected Sales
April	$120,000
May	$100,000
June	$140,000

Budgeted cash collections in June should be budgeted to be:

rev: 11_17_2016_QC_CS-70188

$119,400

$140,000

$140,840

$111,000