Ed's Waterbedis has made the following sales projections for the next six months. All sales are credit sales 10, March April Hay $ 16,00 43, Suly 31. August Sales in January and February were $30,000 and $38.000 respectively Experience has shown that 10 percent of total sales are uncollectible, 25 percentare collected in the month or 3 percentare collected in the following month, and 30 percent are collected two months after sale a. Prepare a monthly cash receipts schedule for the firm for March through August Casserolat chedule Collections of current sales Collections of prior noth's sales Collections of sales 2 months earlier total cash receipts b. or the sales expected to be made during the six months from March to August how much will be uncollected at the end of August? How much of this is expected to be collected later? 3 Expected to be collected