Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $533,000 for April, $543,000 for May, and $568,000 for June. Total sales for March are $309,200. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: JASPER COMPANY Schedule of Cash Receipts from Sales Accounts payable Accounts receivable Cash sales Collections of prior period sales Sales April 533,000 May June 543,000 568,000