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Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $21,0001 $33,000 $39,000 $59.000 Credit Sales $12,000 $13,000 $43,000 $50,000

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Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $21,0001 $33,000 $39,000 $59.000 Credit Sales $12,000 $13,000 $43,000 $50,000 Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible. What are the total cash collections in May at Two Brothers Moving? $62,600 $23 600 3.00 $107.000 $53,300

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