3 Jasper Company has sales on account and for cash. Specifically, 60% of its sales are on account and 40% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $295,600 on April 1 Prepare a schedule of budgeted cash receipts for April May, and June. April May June 02:22 Cash sales Sales on account Total sales 40% 80% May June JASPER COMPANY Schedule of Cash Receipts Far Apr May, and June April Cash receipts from Cash sales Colection of accounts receivable Total budged cash receipts