Liza's predicts sales of $40,000 for May and $52,000 for June. Assume 60% of Liza's sales are for cash. The remaining 40% are credit sales credit customers pay in the month following the sale. Compute the budgeted cash receipts for June LIZA'S Budgeted Cash Receipts For Month Ended June 30 Budgeted sales Less ending accounts receivable Cash sales Collections of last month's receivables Total budgeted cash receipts