Jasper Company has sales on account and for cash. Specifically, 58% of its sales are on account and 42% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $524,000 for April. $534,000 for May, and $559,000 for June. The beginning balance of Accounts Receivable is $293,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. Cash sales Sales on account Total sales April May June 42% 5 220,000 $ 224,700 S 234780 58% 303,920 309,720 324,220 $ 524,000 $ 534,420 s 559,000 May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from Cash sales $ 220,080 $ Collection of accounts receivable 293,400 Total budgeted cash receipts $ 513,480 224,700 $ 234,780