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 $533,000 for April, $543,000 for May, and $568,000 for June. The beginning balance of Accounts Receivable is $305,600 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June June Cash sales Sales on account Total sales 42% 58% April 223,880s 309,140 533.000 5 May 228,080 314 940 543,000 $ $ 0 May June JASPER COMPANY Schedule of Cash Receipts For April May, and June April Cash receipts from Cash sales 5 223 0605 Collection of accounts receivable 305.500 To budgeted cash receipts $ 529 460 $ 228.000 309, 140 537 200