the Model Company is to begin operations in April. It has budgeted April sales of $58,000, May sales of $62,000, June ales of $68,000, July sales of $70,000, and August sales of $66,000. Note that 10% of each month's sales is expected represent cash sales; 75% of the balance is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to be uncollectible. Vhat is the amount of cash to be collected in the month of July? Multiple Choice O $72,000 $72,000. O $64760 $58,626. $65,518