June The budgeted sales of Hosaia, Inc. for the given months are as follows: Cash Sales Credit Sales April $41,000 $232,000 May $52,000 $196,000 $35,000 $221,000 July $46,000 $232,000 August $60,000 $216,000 To prepare a cash budget, the company needs to determine the expected cash collections each month, and has provided the following additional information: Collections on Credit sales: 65% in month of sale 20% in month following sale 15% in second month following sale The Accounts Receivable balance on April 1 was $69,985. Of this amount, $54,985 represented uncollected March sales and $15,000 represented uncollected February sales. Part 1: What should the April cash collected be? S Part 2: For August 1, what is budgeted Accounts Receivable? 0