Cave Hardware's forecasted sales for Apr May, June, and July are $170,000, $290,000 $110,000, and $230,000, respectively. Sales are 70% cash and 30% credit with all accounts receivables collected in the month following the sale. The cost of goods sold is 75
%
of sales and ending inventory is maintained at $
60
,
000
plus 10
%
of the following month's cost of goods sold. All inventory purchases are paid 22
%
in the month of purchase and 78
%
in the following month. What are the cash collections budgeted for June?