Question: 1.Here are some important figures for Cornell, Inc for 2Q 2017. April May June Credit Sales $434,000 $510,000 $538,500 Credit sales are collected: 65% in

1.Here are some important figures for Cornell, Inc for 2Q 2017.

April

May

June

Credit Sales

$434,000

$510,000

$538,500

Credit sales are collected: 65% in the month of sale, 20% in the month after sale, 15% two

months after sale.

The AR balance at the end of the previous quarter was $227,000, with

$163,000 of that being uncollected March sales. Compute the sales for February and

March, and calculate the cash collections for each month in 2Q.n

It is very important that you show your work step by step please

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