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Thirty percent of Sharp Company's sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month

Thirty percent of Sharp Company's sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale, 25% in the month following the sale, and 12% in the second month following the sale. The remainder is uncollectible. The following are budgeted sales data for the company: January February March April Total sales 50,000 60,000 40,000 30,000 Total cash receipts in April are expected to be

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