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39. (6 points) Martin Co. had the following historical collection pattern for its credit sales: 80% collected in the month of sale 8% collected in
39. (6 points) Martin Co. had the following historical collection pattern for its credit sales: 80% collected in the month of sale 8% collected in the first month after month of sale 5% collected in the second month after month of sale 4% collected in the third month after month of sale 3% uncollectible The sales on open account (credit sales) have been budgeted for the first six months of the year as shown below: January February March April May June $ 42,000 $ 38,000 $ 56,000 $ 63,000 $ 72,000 $ 85,000 Calculate the estimated total cash collections by Martin Co. during April
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