Gallagher Co. is a wholesaler of industrial goods. Data regarding the store's operations are provided below: May A pril Budgeted sales $520,000 $500.000 $450.000 Collections are expected to be: 50% in the month the sale is made 45% 5% uncollectible in the month following the month of sale The cost of goods sold is 50% of sales The company desires an ending inventory equal to: 40% of the cost of goods sold in the following month Payment for merchandise is made in the month following the purchase. $180, The July beginning balance in the accounts receivable account is The July beginning balance in the accounts payable account is $250 Show your work! a. What is the expected amount of cash to be collected in April? b. What is the expected amount of cash to be collected in May? c. What is the expected amount of a to be collected in April? d. What is the expected amount of ow to be collected in May? puchases Instructions: