QUESTION 17 Simmons Company has budgeted sales revenue as follows for the next month February $300,000 March 240,000 April 210,000 May 330,000 the month following the sale. Past experience indicates that 80% of sales sach month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale 40% in Instructions Prepare a schedule. (IN GOOD FORM), which shows expected cash receipts from sales for the month of March through May. Be sure computations are clearly provided. For the toolbarpreos ALT-P10 Por ALT.FN.F10 ch BIUS Paragraph Arial A I Simmons Company Expected Cash Receipts from Sales For the Month ended May 31 March Sales $240,000"807 Click Sme and Submit to one and mit Chek Sobe All Arosove alone Sava MacBook Air BO * # 3 $ 4 % 5 & 7 2 8 ON