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Dubuque Company has prepared the following sales budget: Month Cash Sales Credit Sales Feb $14,000 $28,000 March 12,800 29,200 April $10,800 $26,400 Collections are 40%

Dubuque Company has prepared the following sales budget:
Month Cash Sales Credit Sales
Feb $14,000 $28,000
March 12,800 29,200
April $10,800 $26,400
Collections are 40% in the month of sale, 50% in the month following the sale, and 10% two months following the sale.
Prepare a schedule of total cash collected in April.

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