Sunland Connectivity Company manufactures various electrical connectors. The companys sales budget for the first six months of the coming year is as follows. All sales are made on credit.

		January		February		March		April		May		June
Budgeted sales		$520,000		$475,000		$585,000		$650,000		$560,000		$270,000

Sunland is planning to change its credit policies in the coming year. For the first time in its history, the company is offering a 2% discount to customers who pay within 15 days of the invoice date. Based on industry trends, Sunland estimates that this change will result in 50% of credit sales being paid within the discount period; another 15% of sales, within the month of sale (but outside the discount period); and another 32% of sales, during the month after the sale. An estimated 3% of sales will be uncollectible. (a) Prepare Sunlands cash receipts budget for the second quarter of the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

	April		May		June		Bad Debts
March sales	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
April sales
Within discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount
Outside discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount		$enter a dollar amount
May sales
Within discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount
Outside discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
June sales
Within discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount
Outside discount period	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Totals	$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount

Assume that there are no outstanding accounts receivable and allowance for doubtful accounts balances at the beginning of the budgeted year.
Net Accounts Receivable at the end of second quarter of the coming year	$enter the net accounts receivable amount in dollars

(b)	How much cash will Sunland sacrifice in the second quarter by offering the new discount?
	Cash sacrificed by Sunland $enter the cash sacrificed in dollars