Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month...

Extracted text: Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for April, May, and June were $50,000, S70,000, and $60,000, respectively, what were the firm's budgeted collections for April? $10,000. $12,000. $39,000. $40,000. Some other amount.