1 2 om Sther Company make a product that is very populars Mother's Day. Thus. Dual sales occur in May of each year, as shown The comes budget for the second roven below Art Total slista 11 From potence, the company has leamed that 20% of a monessaies are collected in the month of another you are collected in the month following and the remaining to ecoledne second more for Badebis we nece and can be pret February salestored 330.000, and Marchased $200.000 Required Leone anche expected cash contomy and infotecondo 2 Whathe accounts receivable balance on June 101 Complete this restinn by entering your answers in the table che chrome for con May Med 2 1 points 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 April May une Total Budgeted sales (11 account) $300,000 5.500,000 $ 200,000 $ 1.000.000 From past experience the company has learned that 20% of a month's sales are collected in the month of sale, another 70% 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 $230,000, and March sales totaled 5260,000 Required: 1 Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter, 2. What is the accounts receivable balance on June 30th? co Complete this question by entering your answers in the tabs below. o Hindi Mequired Prepare a schedule of expected cash collection from sale by month and in tot for the second quarter Schedule of Expected Cash Collection April May Total Very M M Required 2 >