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Tudor personalizes scrapbooks for customers using their digital photographs. Each scrapbook sells for $50. Tudor collects cash at the time of sale from 30% of

Tudor personalizes scrapbooks for customers using their digital photographs. Each scrapbook sells for $50. Tudor collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months (two quarters) of the year is as follows: January - $120,000. February - $110,00. March - $110,000. April - $112,000. May - $115,000. June - $125,000. Required: Prepare Tudor's cash receipts budget for the second quarter

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