4. ProSlade expects credit sales in the next quarter as follows: April May June $ 90,000 110,000 113,000 Prior experience has shown that 30% of a month's sales are collected in the month of sale, 40% in the month following sale, and 28% in the second month following sale. February and March sales were $90,000 and $100,000, respectively. Uncollectible accounts are written off under the allowance method at 80 days after the end of the month in which the sale was made. a. Calculate budgeted cash receipts for May. b How much is Accounts Receivable on ProSlade's May 31 balance sheet