Exercise 185 Casa Development, Inc. has budgeted sales revenues as follows: January February March April May June Budgeted Sales Revenues $55,000 75,000 90,000 80,000 60,000 35,000 Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. (Do not leave any answer field blank. Enter o for amounts.) CASA DEVELOPMENT, INC. Expected Cash Receipts from Sales For the Quarter Ended June 30, April May June February Sales Credit Sales March Sales Credit Sales April Sales Credit Sales Cash Sales May Sales Credit Sales Cash Sales June Sales Credit Sales Cash Sales Total Cash Receipts