BLUE SPRUCEDEVELOPMENT, INC. Expected Cash Receipts from Sales. For the Quarter Ended June 30 April May June February Sales Credit Sales March Sales Credit Sales April Sales Credit Sales Cash Sales May Sales Credit Sales Cash Sales June Sales Credit Sales February Sales Credit Sales March Sales Credit Sales Aprilsales Credit Sales Cash Sales Maysales Credit Sales Cash Sales Junesales Credit Sales Cash Sales Total Cash Receipts Biue Spruce Development, Inc, has budgeted sales revenues as follows: Past experience has indicated that 90% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. (Do not leave amy answer field blank Enter O'for amounts.)