1. Sraier. Company has both cash sales and sales on account. In a typical month, 40% of its sales are cash and 60% are on account (Accounts Receivable). Credit sales are collected 20% in the month of the sale and 80% in the month following the sale. For Q2 of FY2021 the company forecasts sales of $500,000 for April, $700,000 for May, and $800,000 for June. The beginning balance of accounts receivable on April 1 is $300,000. What is the total amount of credit sales forecasted for Q2? 2. Spaier Company has both cash sales and sales on account. In a typical month, 40% of its sales are cash and 60% are on account (Accounts Receivable). Credit sales are collected 20% in the month of the sale and 80% in the month following the sale. For Q2 of FY2021 the company forecasts sales of $500,000 for April, $700,000 for May, and $800,000 for June. The beginning balance of accounts receivable on April 1 is $300,000. What is the total amount of cash expected to be collected in June