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 $520,000 for April, $530,000 for May, and $555,000 for June. The beginning balance of Accounts Receivable is $304,100 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. Cash sales Sales on account Total sales 42% $ 58% April 218,400 5 301,600 520,000 $ May 222,600 s 307.400 530,000 $ June 233 100 321.900 555,000 $ JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June $ 222,600 s 233,100 Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts 218.400 5 304,100 522,500 $