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Search Engine Corp. has provided the following details concerning budgeted sales: Budgeted Sales: January- $75,000 February-$69,000 March- $80,000 April- $82,000 May- $80,500 June-$92,000 Assume 20%

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Search Engine Corp. has provided the following details concerning budgeted sales: Budgeted Sales: January- $75,000 February-$69,000 March- $80,000 April- $82,000 May- $80,500 June-$92,000 Assume 20% of each month's sales are paid in cash at time of the purchase, and the remaining 80% are on account the collection policy of the company is to collect 20% of credit sales in the month of the sale, 40% in the month following the month of the sale, and the remaining 40% in the second month following the month of the sale. REQUIRED: Please calculate the expected cash collections from sales the second quarter (April, May and June)

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