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The WRT Corporation makes collections on sales according to the following schedule: 45% in month of sale 53% in month following sale 2% in second

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

45% in month of sale
53% in month following sale
2% in second month following sale

The following sales have been are expected:

Expected Sales
April $220,000
May $150,000
June $140,000

Budgeted cash collections in June should be budgeted to be:

$146,900

$140,440

$140,000

$142,500

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