Jasper Company has 62% of its sales on credit and 38% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $515,000 for April, $525,000 for May, and $550,000 for June. Total sales for March are $306,600. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May June Sales 515,000 525,000 550,000 Cash receipts from: Cash sales $ 195,700 $ 199,500 $ 209,000 Accounts receivable. Total cash receipts $ 515,000