EXERCISE 10-12. Budgeted Sales and Cash Receipts [LO 2] Mississippi Retailers expects credit sales in the next quarter as follows: Prior experience has shown that 70 percent of a month's sales are collected in the month of sale, 20 percent are collected in the month following sale, and the remaining 10 percent are collected in the second month following sale. February and March sales were $90,000 and $100,000, respectively. REQUIRED Estimate budgeted cash receipts for April, May, and June