From past experience, the company has learned that 25% of a month's sales are collected In the month of sale, another 60% are collected in the month fol owing sale, and the remaining 15% are collected in the second month following sale Bad debts are negligible and can be ignored. February sales totaled $420,000. and March sales totaled $450,000. Prepare a schedule of expected cash collections from sales, by month and In total, for the second quarter. Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date