Spencer Company has budgeted sales for the upcoming months as follows:

Assume that $70$ percent of the sales are credit sales, and the remainder are cash sales. Credit sales are collected

$40$ percent in the month of sale, $50$ percent in the month following the sale, and $10$ percent in the second month

following the sale.

Required

a$.$ Compute Spencer's budgeted cash receipts for April.

Note: Do not round intermediate calculations.

Cash Receipts

b$.$ Compute Spencer's budgeted cash receipts for May.

Note: Do not round intermediate calculations.

Cash Receipts

c$.$ Compute Spencer's expected accounts receivable balance at May $31.$

Note: Do not round intermediate calculations.