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USE ONLY THE FOLLOWING INFORMATION TO ANSWER THIS QUESTION. DO NOT USE ANY INFORMATION FROM ABOVE. Gamble Company has the following sales budget for the

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USE ONLY THE FOLLOWING INFORMATION TO ANSWER THIS QUESTION. DO NOT USE ANY INFORMATION FROM ABOVE. Gamble Company has the following sales budget for the last six months: January 21,616 April February 23,616 May March 15,616 June 19,116 26,616 14,116 Historically, the cash collection of sales has been as follows: The % of sales collected in the month of sale is The % of sales collected in the month following the sale is The % of sales collected in the second month following the sale is The % of sales that are uncollectible 50% 30% 15% 5% 4) What are the budgeted Cash collections for the month of May

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