Furniture, Inc., estimates the following number of mattress sales for the first four months:

MonthSalesJanuary22,000February30,800March28,600April35,200

Finished goods inventory at the end of December is 6,600 units. Target ending finished goods inventory is 20% of the next month's sales.

if Furniture Inc's budgeted collections are assumed to be 50% in the month of sale, 40% in the month following the sale, and 10% in the second month following the sale, what are the budgeted cash collections for March?

Group of answer choices

$28,820

$28,600

$14,300

$26,620

if Furniture Inc's budgeted collections are assumed to be 50% in the month of sale, 40% in the month following the sale, and 10% in the second month following the sale, what is the budgeted accounts receivable balance at the end of March?

$17,380

$26,620

$14,300

$28,820