a. Prepare a sales budget. Schedule of cash collections of accounts receivable Pampered Pal Inc., a pet supplies distributor, was organized on January 1 . Projected sales for each of the first three months of operations are as follows: Prepare a schedule indicating cash collections from sales for January, February, and March. Schedule of cash payments for a service company Horizon Financial Inc, was organized on February 28. Projected seiling and administrative expenses for each of the first three months of operations are as follows: are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May