Cash sales account for 50% of the revenue. Of the credit sales, 60% are collected in the next month and 40% are collected in the month after.

Actual and forecasted sales for selected months in the upcoming year are as follows: Month (in thousands) Sales Revenue January $2,600 February 2,700 March 3,000 April 3,600 May 3,800 June 3,500 July 3,200 August 4,000(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30. Do not include borrowings. NORDSTROMS Schedule of Monthly Cash Receipts (in thousands) Quarter Ending June 30 April May June Total Total cash receipts $ 3,240 ~ $ * $ Ox $ O X