Question 7 (10 points) Widget manufacturing Company began operations on January 1. All sales are on credit. Widget has sales budgeted as $190,000 for January and $290,000 for February. Accounts Receivable collections are expected to be 60% in the month of sale, 30% the next month, and 10% in the third month. Use this information to determine the dollar value of February Expected Cash Collections from Customers. Enter as a whole number (no cents). Your Answer: Answer Question 8 (10 points) York Corporation has budgeted activity for October to reflect net income $280,000. All sales are credit sales. Receivables are planned to increase by $45,000, payables to increase by $20,000 and Depreciation Expense is $50,000. Use this information to determine how much cash will increase (decrease) during the month of October. Enter as a whole number (no cents). Your