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 $297,800 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.

		April	May	June
Cash sales	42%	?	?	?
Sales on account	58%	?	?	?
Total sales		$0	$0	$0
JASPER COMPANY
Schedule of Cash Receipts
For April, May, and June
		April	May	June
Cash receipts from:
Cash sales
Collection of accounts receivable		?	?	?
Total budgeted cash receipts

Note: Please solve the answer completely. Thank you