Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget for the second quarter given below: April May June Total Budgeted sales (all on account) $ 390,000 $ 590,000 $ 230,000 $ 1,210,000 From past experience, the company has learned that 25% of a months sales are collected in the month of sale, another 60% are collected in the