QUESTION 7 June Ahmad Inc, manufactures scooters; Management is now preparing detailed budgets for the second quarter, April through June, and has prepared sales budget listed below. April May October Sales budget 6,000 8,000 9,000 23,000 All sales on account, Based on past experience, sales are expected to be collected in the following pattern: 60% in the month of sale 35% in the month following sale 5% Uncollectible a Selling price is $40 b. Feb sales is 147,00 and March sales is $150,000. Required: First you need to prepare below budgets then answer the questions below 1. Prepare sales budget in dollar by month and for the third quarter. 2. Prepare schedule of expected cash collections, by month and for the third quarter. Questions: What is the total cash collection for the month of May ? ( Schedule of Expected Cash collection)