Name: Budgetary Planning and Control 1. All of Gaylord Boutique's sales are on account. In the past, 20% of the amounts charged have been paid in the same month as the sale, 60% were paid in the following month, and the rest were paid in the second month following the sale. Sales for selected months are given below: November 2017 $580,000 December 2017 600,000 January 2018 550.000 February 2018 650.000 March 2018 750.000 April 2018 725,000 May 2018 700.000 Prepare the cash receipts budget for the first three months of 2018. Clone budget an