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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in

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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for April, May, and June were $68,000, $88,000, and $78,000, respectively, what were the firm's budgeted collections for June? Multiple Choice $15,600 $51,600 $59,600 $80,000

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