Exerclse $8-1($Algo$)$ Schedule of Expected Cash Collectlons $[$LO$8-2]$

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:

Budgeted sales $($all on account$)$

April

$$500,000$

$\backslash$table$[[$May$,$June$],[$$$790,000,$$$240,000$