Question 18 Martinez Corporation's sales of gizmos are 100% on credit. Past collection history indicates that credit sales are collected as follows: Month of Sale Month After Sale 30% 50% Second Month After Sale Upload Choose a File 15% Uncollectible 5% In January, sales were $80,000 and February sales were $70,000. Projected sales for March are 3,000 gizmos at $16 each. Projected sales for April are 4,000 gizmos at $15 each. Calculate the budgeted cash collections for April. 30 pts

Martinez Corporation's sales of gizmos are 100% on credit. Past collection history indicates that credit sales are collected as follows: In January, sales were $80,000 and February sales were $70,000. Projected sales for March are 3,000 gizmos at $16 each. Projected sales for April are 4,000 gizmos at $15 each. Calculate the budgeted cash collections for April. Martinez Corporation's sales of gizmos are 100% on credit. Past collection history indicates that credit sales are collected as follows: In January, sales were $80,000 and February sales were $70,000. Projected sales for March are 3,000 gizmos at $16 each. Projected sales for April are 4,000 gizmos at $15 each. Calculate the budgeted cash collections for April