Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $532,000 for April, $542,000 for May, and $567,000 for June. The beginning balance of Accounts Receivable is $303,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. May April June Cash sales 38% Sales on account 62% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June May April June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts