Question: Exercise 1 3 - 3 9 ( Algo ) Estimate Cash Collections ( LO 1 3 - 4 ) Hackett Produce Supply is preparing its

Exercise 13-39(Algo) Estimate Cash Collections (LO 13-4) Hackett Produce Supply is preparing its cash budget for April. The following information is available: Estimated credit sales for April$ 298,000Actual credit sales for March$ 163,500Estimated collections in April for credit sales prior to March$ 15,000Estimated write-offs in April for uncollectible credit sales$ 12,920Estimated provision for bad debts in April for credit sales in April$ 11,930Estimated collections in April for credit sales in April25%Estimated collections in April for credit sales in March70% Required: What is the estimated amount of cash receipts from accounts receivable collections in April?

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