please help me solve #24 . thank you

1. In a production budget, if the number of units in finished goods inventory at the end of the period is less than the number of units at the beginning of the period, then the expected number of units sold is less than the number of units to be prodoced during the period II. When preparing a direct materials budget, beginning inventory for raw materials should be added to production needs, and desired coding inventory should be subtracted to determine the amount of raw materials to be purchased. III. In the merehandise purchases budget, the required purchases for a period can be determined by subtracting the beginning inventory from the budgeted cost of goods sold and desired ending inventory. Only Statement I is true. Statements 1 and II are true. Statements II and III are true. Only Statement III is true. None of the statements arn tio. Momenta Industries' budgeted monthly sales are as follows: April $220,000, May $260,000, June $190,000, and July $300,000. Sales are 70% cash and 30% on account. Momenta collects 40% of its accounts receivable in the month of the sale and 60% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 20% of the next month's cost of goods sold. All inventory purchases are paid 10% in the month of purchase and 90% in the following month. What are Momenta's budgeted cash collections for the month of June? $155,800 $179,800 $194,200 $202,600 None of the above