Historically, Maplethorpe Company has had no significant bad debt experience with its customers Cas? sales have accounted for 10% of total sales. and payments for credit sales have been received as follows 45% of credit sales in the month of sale 35% of credit sales in the first subsequent month 16% of credit sales in the second subsequent month 4% of credit sales in the third subsequent month The forecast for both cash and credit sales is as follows Required: 11 Prepare a sales budget for Quarter 1 12 Calculate the forecasted cash inflow for Maplethorpe Company for May 13 Due to deteriorating economic conditions. Maplethorpe Company has now decided that its cash forecast should include a bad debt adjustment of 2% of credif sales beginning with sales for the month of April Because of this policy change. what will happen to the total expected cash inflow related to sales made in April? (2)