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The WRT Corporation makes collections on sales according to the following schedule: 15% in month of sale 75% in month following sale 5% in second

The WRT Corporation makes collections on sales according to the following schedule:

15% in month of sale

75% in month following sale

5% in second month following sale

5% uncollectible

The following sales have been budgeted:

Sales April $ 163,000 May $ 111,000 June $ 122,000

Budgeted cash collections in June would be:

$18,300

$109,700

$91,400

$126,700

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