4) The Yard Company has been in business for 10 years. The company reports all their sales on credit, and pays their operating costs in the month incurred. The budgeted amounts for 2023 are estimated as follows: Sales Purchases March April May June $320,000 $340,000 $360,000 $380,000 $400,000 July $150,000 $160,000 $170,000 $180,000 $190,000 Customer amounts on account are typically collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 60% of sales. The company purchases and pays for merchandise 40% in the month of acquisition and 60% in the following month. Operating expenses are: Salaries, $60,000; Depreciation, $10,000; Rent, $5,000; and Utilities, $20,000. Calculate the amount of cash the company will receive during May and June from customers. Explain the difference between cash sales and credit sales.