Clooney Company Has the Following Expected Pattern of Collections on Credit

Multiple Choice

Clooney Company has the following expected pattern of collections on credit sales: 70 percent collected in the month of sale,15 percent in the month after the month of sale,and 14 percent in the second month after the month of sale.The remaining 1 percent is never collected.
At the end of May,Clooney Company has the following accounts receivable balances:
From Apil sales              $21,00000
From May sales              48,000
Clooney's expected sales for June are $150,000.How much cash will Clooney Company expect to collect in June?

A) $127,400
B) $129,000
C) $148,600
D) $152,520