Jasper Company has 60% of its sales on credit and 40% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $531,000 for April, $541,000 for May, and $566,000 for June. Total sales for March are $304,200 Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash sales Sales on account Total sales 40% 60% May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from: Cash sales Collection of accounts receivable Total cash receipts