Aa Aa 6. Preparing a schedule of cash collections Gazzo's Fine Foods is a producer of Italian foods. The company prepares its foods from fresh ingredients and then sells the items to grocery store chains. All company sales are on account. The budgeted sales and cash collection pattern for the third quarter of 2015 are shown as follows: July August September $2,100,000 $3,193,000 $2,881,000 Budgeted sales Cash collection pattern: Month of sale 35% Month following month of sale 42% 20% Second month following month of sale 3% Third month following month of sale $2,572,000 Budgeted sales for April $2,828,000 Budgeted sales for May Budgeted sales for June $3,359,000 Complete the schedule of cash collections for Gazzo's Fine Foods. Note: This problem contains a check figure (v).) Gazzo's Fine Foods Schedule of Cash Collections For the Quarter Ending September 30, 2015 July August September Collections from April Sales Collections from May Sales Collections from June Sales Collections from July Sales Collections from August Sales Collections from September Sales Total cash collected (v)