id greatly Appreciate your help solving these problems thank you.

Sales are all made on credit. We expect to receive 65% of the sales in the month of the sales and the remaining 35% in the month after the sale Accounts Receivable on January 1 is $175.000 all of which should be collected in the 1st quarter. Budgeted sales include January $219.000 February $237,360 March $219.700 Determine the amount of cash we expect to receive during February (show and label all calculations) Question 2 10 pts Funky Feet budgeted sales (in pairs of socks) for the 2nd quarter as follows: June April 69,600 May 80.930 84,320 Management plans to maintain 15% of next month's sales in Ending Merchandise Inventory so each month's beginning merchandise inventory is estimated at 15% of the current month's sales. The June 30 merchandise inventory is estimated at 12,750 pairs of socks. How many socks do we need to produce in June? (Show and label all calculations)