Jasper Company has sales on account and for cash. Specifically, 61% of its sales are on account and 39% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $518,000 for April, $528,000 for May, and $553,000 for June. The beginning balance of Accounts Receivable is $296,100 on April 1 Prepare a schedule of budgeted cash receipts for April, May and June. April May Cash sales 39% 61% Sales on account Total sales 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