M Yo Tab 16.66 points HW Chapter 8 1 Jo 5 Lock Skipped eBook Hint Mc Graw Hill Print References Esc Fn AV 175 1 De F1 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252 Sic February sales March sales April sales May sales Required 1 Required 2 Q A Ne N Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Complete this question by entering your answers in the tabs below. F2 2 Budgeted sales (all on account) From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 65% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $300,000, and March sales totaled $330,000. Required: 1. Prepare