Zhang Industries sells a product for $600. Unit sales for May were 300 and each month's sales are expected to exceed the prior month's results by 3%. Zhang pays a sales manager a monthly salary of $3,500 and a commission of 2% of sales in dollars. Assume 35% of Zhang's sales are for cash. The remaining 65% are credit sales, these customers pay in the month following the sale. Compute the budgeted cash receipts for June