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Bandall Corporation estimates that for credit sales, 55% of cash is received in the month of sale; 35% in the month after the sale, and

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Bandall Corporation estimates that for credit sales, 55% of cash is received in the month of sale; 35% in the month after the sale, and 13% second month after the sale. The remainder is never collected. Bandall had credit sales of $78,000 in April; $92,000 in May, and $115,000 in June. Given the following information, determine the cash collections for June. A) $95,590 B) $105,590 OC) $115,590 D) $125,590 E) $85,590

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