Jasper Company has 56% of its sales on credit and 44% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $525,000 for April, $535,000 for May, and $560,000 for June. Total sales for March are $306,600. Prepare a schedule of budgeted cash receipts for April, May, and June. Cash sales Sales on account Total sales Answer is complete but not entirely correct. April May June 44% $ 231,000 $ 235,400 $ 246,400 56% 294,000 299,600 313,600 $ 525,000 $ 535,000 $ 560,000 June JASPER COMPANY Schedule of Cash Receipts April May Cash receipts from: Cash sales S 231.000 $ 235,400 Collection of accounts receivable 306,600 535,000 Total cash receipts S 537,600 $ 770,400 S 246,400 560,000 $ 806,400