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Spacely Sprockets' sales budget shows the following expected total sales: Month January February March April Sales $30,000 $40,000 $35,000 $30,000 The company expects 80% of

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Spacely Sprockets' sales budget shows the following expected total sales: Month January February March April Sales $30,000 $40,000 $35,000 $30,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale and 68% in the month following the sale, with the remainder being uncollectible and written off in the month following the sale, Required: 3) Calculate budgeted accounts receivable at the end of each month from February through April, b) Calculate budgeted cash inflows from collection of receivables for each month from February through April

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