Cheyenne Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues January $55,000 February 70,000 March 90,000 April 80,000 May 69,000 June 40,000 Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible.