Please solve this question as soon as possible with an hour and a half max (and show all the calculations to get a like from me & my friend too) Thanks!!

SUBMIT YOUR WORK for the following question. Do not leave Connect blank, input your answer to part a) ABC Inc., a merchandising company, has provided the following budget data: Collections from customers are normally 75% in the month of sale, 15% in the month following the sale, and 9% in the second month following the sale. The balance is expected to be uncollectible. ABC pays for purchases in the month following the purchase. The following additional information has been provided for May. Rent of $15,000 was paid. Depreciation was $5,000. Other operating expenses paid in May were $4,400. The company requires a minimum cash balance of $4,000 to start a month. The beginning cash balance in May is $12,000. Required: a) Compute the expected cash collections during May. b) Prepare a cash budget in good form for the month of May, using this information and the budgeted cash receipts you computed for part a) above. The company can borrow in any dollar amount and will not pay interest until June