Benton Company's sales budget shows the following expected total sales: The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows 25\% in the month of sale and 66% in the month following the sale. With the remainder being uncoliectiole and written off. The rotal cash receipts during April. Would be Cheyenne Company has budgeted the following information for June: If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly ot t\% on the first day of the following month. The company had no debt before June 1 . The amount of interest paid on July 1 would be: and 66% in the month following the sale, with the remainder being uncollectible and written oti ine total cash receipts during April would be: Multiple Choice $34,445. $25,200. $34,200 $41.904