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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection patter: 25% 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 patter: 25% are collected in the month of sale; 55% are collected in the first month after sale; and 20% are collected in the second month after sale. If sales for April, May and June were $64,000, $84,000, and $74,000, respectively, what were the firm's budgeted collections for June? Multiple Choice O $18,500 O $56,200 $64,700 O $77.500 None of the answers is correct

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