$2$ Q $30\%.$

On March $31,2018,$ the Sylvia Gift Shop had outstanding accounts receivable of $$20,000.$ Sylvia's

sales are roughly evenly split between credit and cash sales, with half the credit sales collected in the

month after the sale and the remainder two months after the sale. Historical and projected sales for

the gift shop are:

MONTH SALES MONTH SALES

January $$15,000$ March $$30,000$

February $20,000$ April $($projected$)40,000$

a$.$ Under these circumstances, what should the balance in accounts receivable be at the end

of April?

b$.$ How much cash did Sylvia realize during April from sales and collections?