Question Completion Status: QUESTION 28 Which of the following is not required to develop a budgeted income statement for a manufacturing firm? Sales forecast Marketing budget Cash budget Production budget QUESTION 29 Madden Inc. has the following sales budget for the first two quarters of next year: January $250,000 April $220,000 February $200,000 May $245,000 March $230,000 June $198,000 Cash collections have been determined to follow the pattern below: 60 percent of sales collected in month of sales 25 percent of sales collected in month after sale 12 percent of sales collected two months after sale 3 percent of sales is uncollectible Reference: Ret 15-6 Cash collections during the month of March are estimated to be: A. $218,000 B. 5224,900 C. $188,000 D. $138,000 Click Save and Submit to save and submit. Click Save All Ar to save all answers