Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on account and 35% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $533,000 for April, $543,000 for May, and $568,000 for June. The beginning balance of Accounts Receivable is $302,300 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 36% 65% Sales on account Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable May June Total budgeted cash receipts