2. Carlson Company has budgeted sales revenue as follows for the next 6 months: January February March April May June $ 90,000 100,000 80,000 70,000 110,000 60,000 Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 35% in the month following the sale, and 3% in the second month following the sale. The other 2% is uncollectible. Instructions Prepare a schedule which shows expected cash receipts from sales for the month of May