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 $531,000 for April, $541,000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $295,800 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April Cash sales Sales on account 40% 60% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June 1 April Cash receipts from Cash sales Collection of accounts receivable Total budgeted cash receipts "May June May June