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Projected monthly sales of Wallstead Corporation for January, February, March, and April are as follows. The company bills each month's sales on the last day

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Projected monthly sales of Wallstead Corporation for January, February, March, and April are as follows. The company bills each month's sales on the last day of the month. Receivables are booked gross and credit terms of sale are: 2,10.n/30. 50% of the billings are collected within the discount period. 30% are collected by the end of the month, 15% are collected by the end of the second month, and 5% become uncollectible. Budgeted cash collections for Wallstead Company during April would be a. $343,300. b. $347,000. c. $349,300, d. $353,000

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