Il of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collect month ofsale, 45% in the month following sale, and the remainder are collected in the second month 6) A the following sale. The following are budgeted sales data for the company: January February $50,000 March $40,000 April $30,000 Total sales $60,000 What is the amount of cash that should be collected in March? A)$41,000 B)$24,000 C)$51,000 D) $37,000 7) Sioux Corporation is estimating the following sales for the first four months of next year: anuary February March April S 210,000 $ 280,000 $ 340,000 s 370,000 Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April? A) S1 19,000 B) $370,000 C) $358,000 D) $222,000 8) Parwin Corporation plans to sell 23,000 units during August. If the company has 8,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? A)22,000 B)24,000 C)32,000 D) 31,000