Problem 5-34 Conradt Connectivity Company manufactures various electrical connectors. The company's sales budget for the first six months of the coming year is as follows. All sales are made on credit January $540,000 February $475,000 March $580,000 April $625,000 May $560,000 June $600,000 Budgeted sales Conradt is planning to change its credit policies in the coming year. For the first time in its history, the company is offering a 2% discount to customers who pay within 15 days of the invoice date. Based on industry trends, Conradt estimates that this change will result in 50% of credit sales being paid within the discount period another 15 of sales, within the month of sale (but outside the discount period): and another 32 of sales, during the month after the sale. An estimated 3% of sales will be uncollectible (a) Prepare Conrad's cash receipts budget for the second quarter of the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) April May Debts March sales on sales within discount period Outside discount period with discount period Outside discount period June sales Within discount period Outside discount period Assume that there are no outstanding accounts receivable and allowance for doubtful account balances at the beginning of the budgeted year Acests Receivable at the end of second quarter of the coming year (b) How much cash will conradt sacrifice in the second quarter by offering the new discount? Cash sacrificed by Conradts