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Problem At March 31, Sterling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months: 1 April60,000 May June.... 90,000 July81,000 Sterling's board of directors has established a policy to begin in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is S2 per unit. One-third of sales are paid for by customers in the month of the sale and the balance is collected in the following month Required: chases budget showing how many units should be purchased for each of the months April, May, and June. (b) Prepare a schedule of expected cash collections for each of the months April, May, and June