4. The Khaki Company has the following budgeted sales data: January February March April Credit Sales $350,000 $320,000 $400,000 $360,000 Cash Sales $70,000 $90,000 $80,000 $70,000 The regular pattern of collection of credit sales is 30% in the month of sales, 25% in the month following sales, and the remainder in the second month following the month of sale. There are no bad debts. Required: a. Determine budgeted cash receipts for April. b. Determine budgeted accounts receivable balance on March 31,