Riverside Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. Budgeted sales for the upcoming four April months are
April budgeted sales $70,000
May budgeted sales $110,000
June budgeted sales $280,000
July budgeted sales $210,000
The amount of cash that will be collected in July is budgeted to be
A $223,000
B. 194,500
C. $128,500
D. $193,000