23. Teva Sandals' sales for the next three months are as follows: February $130,000 March $170,000 April $200,000 Collection history for the company indicates that 60% of sales are collected in the month of the sale, 36% is collected in the following month, and 4% of sales are Imcollectible Hos.r much are budgeted cash receipts for April? A) $131,200 B) $186,400 C) $120,000 D) $222,000 24. Walker Entertainment is a distributor of video games and expects its video game sales to be as follows x the rst 4 months of201'1': January $100,000 February $150,000 March $180,000 April $200,000 Walker's cost of goods sold is ?0% of sales. Ending inventos'y is expected to equal 40% of the next month's cost of goods sold. How much are budgeted inventory purchases for March? A) $84,000 13:- $131,600 C) $126,000 D) $112,000