Cash Sales Credit Sales Jan $350,000 $80,000 $60,000 Feb $200,000 Mar $50,000 $145,000 Apr $45,000 May $55,000 $130,000 $170,000 $150,000 Jun $50,000 The firm's collection pattern is as follows: 60% in the month of sale 30% one month following sale 10% two months following sale the accounts receivable balance on 1 Jan is $70,000. Of this amount: $60.000 represents uncollected Dec sales and perplesents uncollected Noy sales E TA cash coche