Problem 1: All of Thomas' Sales are on credit. The credit sales are collected as follows Percent paid in month of sale Percent paid in first month after the sale Percent paid ion second month after sale Percent paid in third month after sale 50% 25% 15% 10% The sales for the period under investigation are January February March April May June July August $400,000 $700,000 $800,000 $1,000,000 $1,400,000 $800,000 $900,000 $500,000