Budgeted sales account$)$ May From past experience, the company has learned that $20\%$ of a month's sales are collected in the month of sale, another $65\%$ are in the month following sale, and the remaining $15\%$ are collected in the second month following saleBad debts are and can be ignored. February sales totaled $$350,000,$ and March sales totaled $$380,000$ Required: Prepare a schedule of expected cash collections from sales $,$ by month and in total, for the second quarter What is the accounts receivable balance on June $30$th$?$ Complete question by entering your answers in the tabs below. $2$ a of expected cash collections from sales, by month and in total, for the second quarter Expected Collections May February sales March sales May sales June sales Total cash collections