Which of the following statements is false with respect to the sales budget including a schedule of expected cash collections? Multiple Choice Estimating sales ultimately impacts the estimated ending retained earnings on the balance sheet. Estimating cash collections also enables managers to estimate accounts receivable on the balance sheet. Estimating cash collections plays a role in preparing a cash budget Although the estimated amounts of sales and cash collections may differ from one another on a month-to-month or quarterly basis, these two estimates must equal each other on an annual basis