Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $528,000 for April, $538,000 for May, and $563,000 for June. The beginning balance of Accounts Receivable is $307,800 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. Cash sales $ $ $ 36% 64% April 185,400 329,6001 515,000 May 189,000 336,0001 525,000 June 198,000 352,000 550,000 Sales on account Total sales $ $ $ May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from Cash sales $ 185,400 $ Collection of accounts receivable 301,900 Total budgeted cash receipts $ 487,300 $ $ 3 189,000 29,600 518,600 198.000 336.000 534.000 $