Q. All sales at Game of Thrones Co. are made on credit. Experience has shown that 70% of the accounts receivable are collected in the month of the sale, 26% are collected in the month following the sale, and the remaining 4% are uncollectible. Actual sales for March and budgeted sales for the following four months are given below:

March (actual sales) Tk.200,000 April Tk.300,000 May Tk.500,000 June Tk.700,000 July Tk.400,000

Required: Prepare a schedule of expected cash collections from sales, by month and in total, for the months of April, May, June and July.