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A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30%.cath Them the

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A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30%.cath Them the following collection pattem e n Percentage 4 Collections on Account In the month of sale In the month following the sale Uncollectible Sales for the first 5 months of the coming year are forecast as follows: January February March $3,500,eee 3,800,000 3,600,000 4,000,000 4,200,000 April For the month of April, the total cash receipts from sales and collections on accounts would be: CIA adapted January February March $3,500,000 3,800,000 3,680,000 4,000,000 4,200,000 April May For the month of April, the total cash receipts from sales and collections on accounts would be: (CIA adapted) Multiple Choice 0 $4,408,000 o $3.729.968 0 $4,025,200 0 $3,781,600

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