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 $517,000 for April, $527,000 for May, and $552,000 for June. Total sales for March are $302,000. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales Sales Cash receipts from Cash sales Collections of prior period sales Total cash receipts April May June 517,000 527,000 552,000