The tacrange Corporation had the following budgeted sales for the first half of the current year: The company is in the process of prepsring o chsh budget and must determine the expected cash collections by month. To this end, the following information has been assembled Collectiom on soles: 50s in month of stie 40x. in morith following kale tox in second montef following sele The accounts receivnble bsiance an January 1 of the current year was 572,000 , of which $56,000 represents uncollected December sales and 516000 represents incotected November sales. Mimes cheirs The tacrange Corporation had the following budgeted sales for the first half of the current year: The company is in the process of prepsring o chsh budget and must determine the expected cash collections by month. To this end, the following information has been assembled Collectiom on soles: 50s in month of stie 40x. in morith following kale tox in second montef following sele The accounts receivnble bsiance an January 1 of the current year was 572,000 , of which $56,000 represents uncollected December sales and 516000 represents incotected November sales. Mimes cheirs