14. G.M.Thul is a retailer of assorted baby products. The sales forecast for the coming months is: Revenues April (actual) $175,000 May (actual) $200,000 June $225,000 July $240,000 August $230,000 40% of sales are cash sales and 60% are credit sales. The credit collection pattern is 20% in the month of sale, 70% in the month following the sale, and the remainder in the second month following the sale. Required Prepare a cash receipts schedule for the period June - August (by month). 15. Katy Lou is a retailer of scrapbooking products. The sales forecast for the coming months is: Revenues April (actual) $250,000 May (actual) $275,000 June $300,000 July $350,000 August $350,000 Katy Lou les are 30 cash and 70% cred The colleg pattern is 60 in the month of sale, 35% the following month and the remainder in the second month following the sale. Required Prepare a cash receipts schedule for the period June - August (by month)