The budgeted sales of Kayla Pte Ltd. for the given months are as follows:

	Cash Sales	Credit Sales
March	$47,000	$260,000
April	$58,000	$285,000
May	$46,000	$276,000
June	$39,000	$215,000
July	$54,000	$297,000

To prepare a cash budget, the company needs to determine the expected cash collections each month, and has provided the following additional information:

The Accounts Receivable balance on March 1 was $66,000. Of this amount, $45,000 represented uncollected February sales and $21,000 represented uncollected January sales.

Collections on Credit sales:

• 55% in month of sale
• 35% in month following sale
• 10% in second month following sale

Part 1:

What should the March cash collected be?

Part 2:

For July 1, what is budgeted Accounts Receivable?