Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in full in the first month following the sale. The compary budgets sales of $532,000 for Aprili, $542,000 for May, and $567,000 for June. Total sales for March are $307,500. Prepare a schedule of cash receipts from sales for April, May, and June