Part 2. Suppose that the company had $10,800 cash at bank at the beginning of the second quarter. Cash sales average 80 per cent of total sales (refer to your answer to part a). Credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. Prepare budgeted cash receipts. Include each month (April to June) as well as quarter 2 totals. (5 marks) Part 2. Suppose that the company had $10,800 cash at bank at the beginning of the second quarter. Cash sales average 80 per cent of total sales (refer to your answer to part a). Credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. Prepare budgeted cash receipts. Include each month (April to June) as well as quarter 2 totals