Ed's Waterbeds has made the following sales projections for the next six months. All sales are credit sales. 54,000 March $50,000 June $ 62,000 April 56,008 July 64,000 May 45 , August Sales in January and February were $53,000 and $52,000 respectively. Experience has shown that 10 percent of total sales are uncollectible, 30 percent are collected in the month of sale, 40 percent are collected in the following month and 20 percent are collected two months after sale. a. Prepare a monthly cash receipts schedule for the firm for Merch through August January $ Ed's Waterbeds Cash Receipts Schedule February March $ April May Duly August Sales Collections of current sales Collections of prior month's sales Collections of sales 2 months 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 collected at the end of AugustHow much of this is expected to be collected later? Amount Uncollected Expected to be collected $