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6)T A) 2. Search Engine Corp. has provided the following details concerning budgeted sales: Budgeted Sales Jan Feb $75,000 69,000 80,000 82,000 March April May

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6)T A) 2. Search Engine Corp. has provided the following details concerning budgeted sales: Budgeted Sales Jan Feb $75,000 69,000 80,000 82,000 March April May June 80,500 92,000 The collection policy of the company is to collect 20% in the month of sale, 40% in the following month, and remaining 40% in the second month after the month of sale. All sales are made on account. Calculate the cash receipts from customers for the first six months. (17 points)

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