220 - Business Records: TO1S2 (Duration - (60 Minutes) uiz is accepting submissions until Sunday, March 26, 2023 at 11:59 pm Question 1 (1 point) Submissions Enabled Question 1 of 10 | Page 1 of 10 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 are uncollectible. The following are budgeted sales data: January February March April Total sales$60,000 $70,000 $50,000$30,000 Total cash receipts in April would be budgeted to be: a $36,230. b $27,230. C $38,900. d $47,900