The information for a retailer is given below: - Sales are budgeted at $350,000 for March, $380,000 for April and $340,000 for May - Collections are expected to be 82% in the month of sale and 17% in the month following the sale. 1% is uncollectuble. - The balance in Accounts Recelvable is $59,500 on April 1st. Show your detailed computation of the expected cash collections for May