Ed's Waterbeds has made the following sales projections for the next months. All sales are credit sales 1 March sorll 60.000 54.000 July 43.000 Sales in January and February were $51000 and $50,000 respectively Experience has shown that 10 percent of total sales are uncollectible 35 percent are collected in the month of sale 45 percent collected in the following month, and 10 percentare collected two months after sale a. Prepare a monthly cash receipts schedule for the firm for Merch through August ebook Watated Casa Receipt Torty Janus MA Jane Print Collection of current les Collections of per month's sales Collections of les 2 monthe earlier Total cash receipts b. Of the sales expected to be made during the six months from March to August, how much will still be uncollected at the end of August? How much of this is expected to be collected later? Oncollected Expected to be collected