Section B level of difficulty: MEDIUM Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company January February March April sales 5600,000 $700,000 $500,000 $300,000 Total budgeted cash collections in April would be: A S35,000 (B$370,000 C. S125.000 D. $210,000 Budgeted sales in Acer Corporation over the next four months are given below. September October November December Budgeted sales $140,000 $150,000 $170,000 $130,000 Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be: A. $136,375 B. $98,125 C. S103,875 D. S119,500 Page 3 of 10