What is the total amount of cash expected to be collected in May?

QUESTION 7 10 points Save A Spajer Company has both cash sales and sales on account. In a typical month, 40% of its Sales are debited to Cash at the time of the sale and 60% of Sales are debited to Accounts Receivable. 20% of Sales on account (Accounts Receivable) are collected in the month of the sale and 80% are collected in the month following the sale. For 02 of 2022 the company forecasts the following sales: Month Sales $ 490,000 $620,000 $730,000 Spajer forecasts the beginning balance of Accounts Receivable on April 1 to equal $300,000. What is the total amount of cash expected to be collected in May