And that: 30% of credit sales are collected during the month of sale & - 70% of credit sales are collected the next month. Assume also that March sales are 80 000$. Question: Prepare the budgeted cash collection. You have the following information: April May Budgeted sales 50 000 40 000 (in $) June 60 000 We assume that: - 50% of sales are paid in cash - 50% of sales are paid on credit And that