SOURCES Question Pearl City Retailers expects credit sales in the next quarter as follows: April 93,300 May 95,200 June 106.000 by study Prior experience has shown that 68 percent of a month's sales are collected in the month of sale, 25 percent are collected in the month following sale, and the remaining 7 percent are collected in the second month following sale. February and March sales were $81,100 and $105,000, respectively Estimate budgeted cash receipts for April, May, and June April May June Collection of credits Collection of Parys Collection of March Collection of April Collection of May als Collection of new