Jasper Company has sales on account and for cash. Specifically 60% of its sales are on account and 40% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $526,000 for April, $536,000 for May, and $561,000 for June. The beginning balance of Accounts Receivable is $290,400 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. May June April Cash sales 40% 60% Sales on account Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June May June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts