Dubuque Company has made the given sales budget:
Month Cash Sales Credit Sales
February $14,000 $28,000
March 12,800 29,200
April 10,800 26,400
Collections are 40 percent in the month of sale, 50% in the month given the sale, and 10 percent two months following the sale. No uncollectible accounts are anticipated.
Required: Make a schedule of cash collections for April.