Use the following information to answer the three questions on this page. The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows: March April May June Actual Sales $230,000 Sales Forecast $250,000 $270,000 $300,000 Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale. The accounts receivable balance at the end of March was $180,000 and of that amount $69,000 was left uncollected from March sales. How much cash does Consolidated expect to collect in May? $240,000 $264,000 O O O O $244,000 $230,000