Proble A manufacturing business is planning for its operating budget for next year. The following are the information related to the planning process. Expected selling price per unit-$500 Anticipated sales: January-100, February - 150, March - 190, April - 260 Expected cash collection schedule: 20% collection in the month of sale 30% collection in the month following the sale 50% collection in the second month following the sale Cash Receipt Budget (2 marks) Collection on the same month Collection in the month following the sale Collection in the second month following the sale Total collection for the month January February March Accounts Receivable budget (3 marks) Beginning balance Add: Credit sale Total amount due from customers Less: collection in the month following the sale Less: collection in the second month following the sale Ending balance January February March