Spencer Company has budgeted sales for the upcoming months as follows: February March April May 5602,000 $ 615,000 $ 646,000 $ 677,000 60% of the sales are credit sales the remainder are made in cash Credit sales are collected 40% in the month of sale, 50% in the month following the sale, and 10% in the second month following the sale, a. Compute Spencer's cash receipts for Apni. (Do not round Intermediate calculations.) Cash Recipe b. Compute Spencer's cash receipts for May (Do not round Intermediate calculations.) Cath Record c. Compute the accounts recewable balance for May 31 (Do not round Intermediate calculations.) Accounts Receivable Balance