Q1, Consider the following budget information for Jake Co. for your completion of the table below.

Cash sales 40%, credit sales 60%

Collection of credit sales: 40% month of sale, 30% next month, 20% second month, 10% not collected

Credit sales were $5,000 in April and $6,000 in May

--nmm Credit sale cash receipts from current month sales ????? ????? ????? ?'???? ????? from previous month sales