$(1)$ Schedule of expected cash collections

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year. These peak sales are shown in the company's sales budget for the second quarter given below:

$\backslash$table$[[,$April,May,June,Total$],[$Budgeted Sales,$$300,000,$$$500,000,$$$200,000,$$$1,000,000$