UESTION 4 Question 4 PART A [11 Marks] Trinity Inc submitted the following sales forecast for the following months: March 2021 32,000 units April 2021 40,000 units May 2021 37,000 units June 2021 50,000 units The selling price of the firm's products is $15 per unit. Management expects to collect 70% of the sales in the month of the sale and 30% in the following month. The beginning accounts receivable of $144,000 is expected to be collected in the month of April 2021. Required a) Prepare the firm's sales budget [5 Marks] b) Prepare a schedule of cash collections for the quarter April, May, and June 2021 [6 Marks] 5 C A B IUx2x2 S I I