Budgeting Cash Whitney's, Inc., sells on terms of 5% discount for "cash and carry" or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: April, $900,000 May, $720,000 and June, $1,080,000. An analysis of operations indicates the following customer collection patterns: Portion of Total Sales In month of sale: Cash at time of sale 25% On account, during discount period 15% On account, after discount period 10% In month following sale: On account, during discount period 20% On account, after discount period 10% In second month following sale: On account, after discount period 15% Average portion uncollectible 5% 100% Prepare an estimate of the cash to be collected from customers during June. Estimated Collections from Customers in June April Sales On account, no discount $ 0 May Sales On account, no discount 0 On account, with discount 0 June sales On account, no discount 0 On account, with discount 0 Cash 0 Total estimated June collections $ 0