Previous Page Next Page Page Question 12 (5 points) Sam Company is estimating the following sales for the first five months of next year: January February March April May $250,000 $220,000 S240,000 $300.000 S360,000 Sales at Sam are normally collected as 70% in the month of sale, 25% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sam expect to collect during the month of April? $290,700 $306,000 $264,000 $270,000 Previous Page Next Page Page 12 of 15