12 The budgeted sales of Debbi Pic Ltd. for the given months are as follows: t of 2.0 uestion July Cash Sales Credit Sales April $42.000 $261,000 May $48,000 $213,000 June $46,000 $183,000 $31,000 $246,000 August $51,000 $294.000 To prepare a cash budget, the company needs to determine the expected cash collections each month, and has provided the following additional information: Collections on Credit sales. 60% in month of sale 35% in month following sale 5% in second month following sale The Accounts Receivable balance on April 1 was $81,000. Of this amount $57,000 represented uncollected March sales and $24,000 represented uncollected February sales. Part 1: What should the April cash collected be? Part 2: For August 1, what is budgeted Accounts Receivable