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Three Sisters Catering prepared the following sales budget. 1 2 Month March April May June Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000

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Three Sisters Catering prepared the following sales budget. 1 2 Month March April May June Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000 $40,000 $48,000 Credit collections are 35% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in May at Three Sisters Catering? O A. $21,800 OB. $66,200 O C. $65,800 D. $76,400

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