please help solve this problem.

Chapter 8 - Hand-in Problem Name You are given the following information regarding sales for Rainy Day, Inc.: January February March April Cash Sales 50,000 80,000 60,000 40,000 Credit Sales 400,000 450,000 350,000 500,000 Credit sales are collected 20% in the month of sale, 70% in the following month. The remaining 10% is collected two months following the month of sale, 1. Calculate the budgeted cash receipts for March and April 2. Calculate the budgeted accounts receivable balance that would appear on the April 30 budgeted balance sheet