Budgeting Cash Collections Spencer Consulting, which invoices its clients on terms 2/10, n/30, had credit sales for May and June of $56,000 and $64,000, respectively. Analysis of Spencer's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales In month of sale in month of following sale Uncollectible accounts, returns, and allowances Receiving Discount 50% 15% Beyond Discount Period Totals 20% 70% 10% 25% 5% 100%: Determine the estimated cash collected on customers' accounts in June