EX 22-18 Schedule of cash collections of accounts receivable OBJ.S Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for cach of the first three months of operations are as follows: May June $156,000 75,000 180.000 All sales are on account. Seventy percent of sales are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the second month following the sale Prepare a schedule indicating cash collections from sales for May, June, and July