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

30% in month of sale

65% in month following sale

5% in second month following sale

The following sales have been are expected:

	Expected Sales
April	$190,000
May	$120,000
June	$110,000

Budgeted cash collections in June should be budgeted to be:

$110,950

$120,500

$110,000

$111,000