5. Sixty percent of Apple Company'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: January February Total sales $600,000 $700,000 March April $500,000 $300,000 Total budgeted cash collections in April would be: a. $400,000 c. $440,000 b. $420,000 d. $460,000 e. None of the above. The answer is