The sales force at your company has developed the forecast for the next six months. The company typically collects 10% of sales in the current month as cash, 50% one month later, 37% two months later and has 3% bad debt. Based on this information, what would be the cash collections forecast for June?
Jan: 200,000
Feb: 188,000
Mar: 210,000
Apr: 225,000
May: 250,000
Jun: 300,000