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Question 3 4 pts Towing Company has budgeted sales for the next six months as follows: Sales for Cash Sales on Account May June July

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Question 3 4 pts Towing Company has budgeted sales for the next six months as follows: Sales for Cash Sales on Account May June July August September October $42,000 $37,000 $29,000 $48,000 $52,000 $45,000 $257,000 $243,000 $238,000 $269,000 $251,000 $263,000 | On average, 32% of the sales on account are collected in the month of sale, 40% are collected in the month following sale, 16% are collected in the second month following sale, 8% are collected in the third month following sale, and the remaining 4% is collected four months after the month of sale. Calculate Towing Company's budgeted cash collections for Septembe

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