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