Ophelia Corporation manufactures widgets. The following information is provided to belp prepare the master budget for the next 3 months of operations: Credit sales are collected: 40% in the month of the sale 60% in the following month 4. The expected cash collections for the month of May is: A) 5436,800 C) $444,080 B) 5666,120 D) $1,110,200 5. The accounts receivable balance at July 31 is: A) 5520,000 C) $761,280 B) 5878,400 D) $780,000