Name Determine the Cash Collections for April, May and June. Collection History: Month of Sale 50% Month After Sale 30% Two Months After Sale 15% Month of Sale Credit Sales Cash Sales February $50,000 $10,000 March $65,000 $22,000 April $125,000 $58,000 May $185,000 $13,000 June $160,000 $26,000 Month of Sale April May June February March April May June Cash Sales Total Collections Cash Expenditures $156,000 $157,000 $137,500 EXTRA CREDIT: (Worth up to 5 Points) If the company has a cash balance of $37,000 on April 1st and requires a minimum cash balance of $25,000, will it need to borrow money in money in any of the months