1. Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is gare budgeted sales data: uncollectible. The following a Total Sales January $60,000 February March April $70,000 $50,000 $30,000