Raketes WANG 202 blackboard.aog edu/webapps/ossessment/secured pockdown QUESTION 1 Piedro Company has budgeted sales revenues as follows: Budgeted Sales Revenues January $55.000 February 75.000 March 90,000 April 60,000 May 45.000 June 35,000 Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible Prepare a schedule which shows expected cash receipts for the month of April. Arial 3 (12pt) Qis I Wor th: STION 2 intrative $10 Annual fixed costs are