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The following sales have been budgeted by King Corporation: April $140,000 May $120,000 June $220,000 July $200,000 Sales are normally chilected 70% in the month

The following sales have been budgeted by King Corporation: April $140,000 May $120,000 June $220,000 July $200,000 Sales are normally chilected 70% in the month of sale, 25% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should King Corporation expect to collect during the month of May? A. $128,000 B. $124,000 C. $119,000 D. $117.000

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