I. Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 40% in the month following sale. The following are budgeted sales data: January February March Total sales $60,000 Total cash receipts in March would be budgeted to be: $70,000 $50,000 2. What is the Sales Revenue number on the Income Statement for the Quarter Ending March 31 based on the information in