Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): Check my worl July August 36,000 October 26,000 82,000 November 12,500 September 51,000 December 13,000 The selling price of the beach umbrellas is $15 per unit b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% In the month following sale 5% uncollectible Sales for June totaled $465,000. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the and of June Mot