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14. Tolla Company is estimating the following sales for the first six months of nex

14. Tolla Company is estimating the following sales for the first six months of nex

14. Tolla Company is estimating the following sales for the first six months of next year: January $350,000 February $300,000 March $320,000 April $410,000 May
$450,000 June $470,000 Sales at Tolla are normally collected as 70 percent in the month of sale, 25 percent in the month following the sale, and the remaining 5
percent being uncollectible. Also, customers paying in the month of sale are given a 2 percent discount. Based on this information, how much cash should Tolla
expect to collect during the month of April?

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