Donny's Dream Co. collects 55% of its accounts receivable in the month of sale and 40% in the month after the sale. Given the following sales, how much cash will be collected in June? Cash Budget Collections April $20,000 May $60,000 (Hint: Prepare a Cash Budget for collections.) $70,000 $38,500 $62,500 $28,000 $82,500 June $70,000