What is the correct answer of the last blank that is wrong (in red)? I tried 19570 and 77300(the total of the first three months) are both wrong.

The president of the retailer Prime Products has just approached the company's bank with a request for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Because the company has had some difficulty in paying off its loans in the past, the loan officer has asked for a cash budget to help determine whether the loan should be made. The following data are available for the months April through June, during which the loan will be used: a. On April 1, the start of the loan period, the cash balance will be $26,800. Accounts receivable on April 1 will total $206,100, of which $168,500 will be collected during April and $30,500 will be collected during May The remainder will be uncollectible b Past experience shows that 30% of a month's sales are collected in the month of Sale, 60% in the month following sale and 8% in the second month following sale. The other 2% represents bad debts that are never collected. Budgeted sales and expenses for the three-month period follow April May June Sales (all on account) S 360,000 582.000 S 305,000 275,000 227,000 143,500 23,700 38,400 73,00071,270 85,000 15,400 Payroll Lease payments 32,000 38,400 73,000 32,000 38.400 Equipment purchases Depreciation 15,400 15,400 c. Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases during March, which will be paid during April, total $166,000. d. In preparing the cash budget, assume that the $30,000 loan will be made in April and repaid in June. Interest on the loan will total $1,160 Required 1. Prepare a schedule of expected cash collections for April, May, and June, and for the three months in total. Answer is complete and correct. Schedule of Expected Cash Collections April Quarter From accounts 168,500 30,500 08,000216,00028,800 352,800 S 199,000 receivable From April sales From May sales From June sales Total cash collections 174,600395 523,800 91,500 276,500421,100 469,500 1,167,100