total cash collected

Mitchell Company had the following budgeted sales for the last half of last year:
Cash Sales Credit Sales
July $50,000 $150,000
August $55,000 $170,000
September $56,000 $130,000
October $61,000 $156,000
November $71,000 $200,000
December $80,000 $460,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on credit sales:
50% in month of sales
30% in month of following sales
20.0% in second month following sales
Assume that the accounts receivable balance on July 1 was $76,000. Of this amount, $50,000 represented uncollected June sales and $26,000 represented uncollected May sales. Given these data, the total cash collected during July would be:
$256,000
$247,000
$181,000
$100,000