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 O Estimating cash collections also enables managers to estimate accounts receivable on the balance sheet 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. Estimating cash collections plays a role in preparing a cash budget