Blue has forecast sales to be $424,000 in February $554,000 in March. $594,000 in April, and $634,000 in May. The average cost of goods sold is 60% of sales All soles are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice $606,000 $494,764 $634,000 $317,000