Jasper Company has sales on account and for cash. Specifically, 57% of its sales are on account and 43% 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 $304,100 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. May June April 222,740 43% $ $ 227,040 $ 237,790 Cash sales Sales on account 57% 295,260 518,000 $ 300,960 528,000 $ 315,210 553,000 Total sales $ JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales $ 222,740 $ 227,040 $ 237,790 Collection of accounts receivable Total budgeted cash receipts