Problem1 all on credit. Sixty percent of the credit sales are collected in the Marlee Company's sales are month of sale, 20% The remainder are uncollectible. Customers paying in the month of sale receive a The following are budgeted sales data: in the month following sale, and 15% in the second month following sale. scount. February March $50,000 Total sales $60,000 $70,000 Prepare a schedule for budgeted cash receipts in March