5. Sixty (60%) percent of Parlee Corporation's sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $600,000 $700,000 $500,000 $400,000 Total budgeted cash collections in April would be: a. $360,000 c. $460,000 b. $410,000 d. $520,000 e. None of the above. The answer is