Hodge Co. sells merchandise on account and for cash. Specifically, 59% of Hodge's sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. Hodge predicts sales of $524,000 for April, $534,000 for May, and $559.000 for June. The beginning balance of Accounts Receivable is $308,100 on April 1st. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 41% Sales on account 59% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts