Question 29 2.5 pts Bushton Housing Association collects rent from the tenants of its properties on a monthly basis. An extract from the association's budget schedules for next year shows the following: Rent due from tenants: January: 60,000 February: 64,000 March: 58,000 April: 56,000 May: 60,000 Experience indicates that of the amounts listed above, 10% will be received in the month before payment is due, 60% in the month payment is due, 20% in the month after payment is due and 5% two months after payment is due; the balance represents rent which the association will be unable to collect. What will be the amount of April's cash receipts from rent payments? 54,200 E54,800 655,200 54 400 28 w 80 88 go 8 DIL DD SV % 3# $ 4 ) 5 & 7 6 00* 9 0 E R T Y U 0 n