Ed's Waterbeds has made the following sales projections for the next six months. All sales are credit sales. March April May $ 39,000 June 45,000 July 34,000 August $ 43,000 51,000 53,000 Sales in January and February were $42.000 and $41,000 respectively. Experience has shown that 5 percent of total sales are uncollectible, 40 percent are collected in the month of sale, 50 percent are collected in the following month, and 5 percent are collected two months after sale. a. Prepare a monthly cash receipts schedule for the firm for March through August