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Eors Waterbeds has made the following sales projectons for the hext sac months. Al sales are credir sales. Sales in January and February were $45,000

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Eors Waterbeds has made the following sales projectons for the hext sac months. Al sales are credir sales. Sales in January and February were $45,000 and $44,000 respectively. Experience has shown that 10 percent of total sales are incollectible. 30 pericent 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 monthy cash receipts schedule for the firm for March through August. b. Or the sales expected to be made during the six moctis from March to August, how much wit stil be uncollected at the end of Augusi? How much of this is expected to be collected later

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