1. Calculate the expected cash collections for April.

2. Calculate ABC Company's budgeted accounts receivable at June 30.

Shown below are the budgeted sales for ABC Company for the next six months: Sales for Cash Sales on Account January $18,000 $110,000 February $15,000 $152,000 March $26,000 $119,000 April $24,000 $140,000 May $11,000 $173,000 June $23,000 $ 88,000 On average, 21% of the sales on account are collected in the month of sale, 44% are collected in the month following sale, 28% are collected in the second month following sale, and the remaining 7% is collected three months after the month of sale