12 Exercise 22-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and collected in full in the month following the sale. The company forecasts sales of $529,000 for April, $539,000 for May, and $564,000 for June. The beginning balance of Accounts for cash. Specifically, 60% of its sales are on account and 40% are for cash. Credit sales are 0.66 points is $309,000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June April 40% Schedule of Cash Receipts References April