24) Blair is a retailer of assorted baby products. The sales forecast for the coming months i Revenues April (actual) $175,000 May (actual) $200,000 June July $225,000 $240,000 S230,000 August All sales are credit sales. The cash 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. Accounts receivable o June 1 were $177,500. a. Prepare a cash receipts schedule for the period June through August (by month). b. What will the Accounts Receivable balance be on August 31