Marvin Company has the following sales budget:
Month Cash Sales Credit Sales
February $14,000 $30,000
March 12,800 32,000
April 10,800 28,000
Collections of credit sales are 40% in the month of sale, 50% in the month after sale and 10% two months after sale. No uncollectible accounts are expected.
Prepare a schedule of cash collections for April.