please answer all 3 questions.

Use the following to answer questions 14:20 POINTS Markoff Company sells a seasonal product that is very popular as a Mothers Day gift, which occurs on the 2nd Sunday of May. The company's sales budget for the months of February through June are as follows: Feb Mar Apr May Budgeted Sales (all on account) $ 23,000 $25,000 $30,000 $ 50,000 $20,000 Their past experience indicates that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following the sale, and the final 10% are collected in the 2nd month following the sale. 1. The amount of cash expected to be collected in May is: 2. ASSUME that the accounts receivable as of May 30 was $30,000. The balance of accounts receivable as of April 30th is expected to be 3. The company is concerned with their cash flow, and the fad that only 20% of the current onth sales are collected in that same month. They have asked you for some advice on how they could increase this amount Explain, making one recommendation