QUESTION 10 The Company prepared the following sales budget Month Cash Sales March $220.000 April 33100G May 3222.000 June 35100 Credit Sales $15.000 $13000 3.38.000 Credit collections are 10% wo monthe following the sale, 40% in the month following the sale and 20% in the month of sale. The remaining 10% is expected to be uncollect ollectible What are the total cash collections in May at the Company? 515.000 $55.900 575.000 521.900