XYZ Company has budgeted sales for the next six months as follows: Budgeted Sales March $129,000 April $206,000 May $148,000 June $277,000 $193,000 ? July August 20% of the company's sales are cash sales and 80% of the company's sales are made on account. On average, 18% of the sales on account are collected in the month of sale, 46% is collected in the month following sale, 19% is collected in the second month following sale, and the remaining 17% is collected three months after the month of sale. XYZ Company's budgeted accounts receivable at August 31 totaled $162,956. Calculate the budgeted cash collections for the month of June.