Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 55% are collected in the first month...

Extracted text: Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 55% are collected in the first month after sale: and 20% are collected in the second month after sale. If sales for April, May, and June were $64,000, S84,000, and S74,000, respectively, what were the firm's budgeted collections for June? $18,500. S56,200. S64,700. S77,500. Some other amount.