E Menu 1 My Subscript 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, $300,000; May, $240,000; and June, 360,000. An analysis of operations indicates the following customer collection patterns Fini Portion of Total Sales In month of sale Cash at time of sale On account, during discount period On account, after discount period 25% 15% 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% | 5% Average portion uncollectible 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 May Sales On account, no discount On account, with discount June sales On account, no discount