Cash Budget Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reves following patterns a. Ten percent of fees on credit are collected in the month that service is rendered b. Sixty percent of fees on credit are collected in the month following service. Twenty-six percent of fees on credit are collected in the second month following service. d. Four percent of lees on credit are never collected Fees (on credit) that have not been paid until the second month following performance of the legal service are considered overdue and are subject to a late change Aragon has developed the following forecast of fees: $180,000 May June 200,000 July 190,000 August 194,000 240,000 September Required: Prepare a schedule of cash receipts for August and September. If an amount box does not require an entry, leave a blank or entero Round answers to the nearest dollar Aragon and Associates Schedule of Cash Receipts For August and September August September Cash fees 40,500 Received from sales in: June 39.000 x 0 July 85,500 37,050 X August 14,500 X 87300 60,000 Previous My Work 7 more Check My Work uses remaining