COD ME Preparing a Schedule of Cash Collections on Accounts Recewable Kailua and Company is a legal services fim, All sales of legal services are billed to the client (there are no cash sales), Kaunexpects that on average, 20% will be paid in the month of billing, 50% will be paid in the month following billing, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected May June July $54,000 100,000 77,000 17,400 89,000 August September Required: Prepare a schedule showing the cash expected in payments on accounts receivable in Augustand in September if an amount box does not require an entry, leave a blank or entero Be sure to enter percentages a whole numbers Kailua and Company Schedule August September June August Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September if an amount box does not require an entry, leave it blank or enter"0" Be sure to enter percentages as whole numbers Kailua and Company Schedule August September June July August x September ha Total cash receipts