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Northern Company has budgeted sales for the upcoming months as follows: April $ 456,000 May $ 468,000 June $ 491,000 July $ 521,000 August $

Northern Company has budgeted sales for the upcoming months as follows:

April $ 456,000
May $ 468,000
June $ 491,000
July $ 521,000
August $ 504,000
September $ 481,000

40% of the sales are credit sales, the remainder are cash sales. Credit sales are collected 45% in the month of sale, 35% in the month following the sale, and 7% in the second month following the sale.

a.

Compute Northern Company

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