For a merchandiser, the starting point in the development of the master budget is the cash budget. budgeted Income statement. selling and administrative expenses budget. sales budget. The following credit sales are budgeted by Sheffield Corp.: January February March $184000 230000 350000 270000 April The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of Aprilis $259000 $277400 $305720 $271800. dy Click if you would like to Show Work for this question: Open Show Work