Jordan Inc. predicts the sales forecast for the second quarter of 2020 and a planned cash collections schedule for sales on account: 70% will be collected during the month of sale 30% will be collected in the month after the sale occurs The company's accounts receivable balance at March 31, 2020 was 563,000, which represents the uncollected portion of the sales on account in March. Use the template spreadsheets provided in teams to help you complete Unit 3 - Review and Exam>files> exam templates.xlsx Sales Forecast for the second quarter of 2020 Pro Forma April May June $120,000 $150,000 $180,000 $280,000 $350,000 $420,000 Cash Sales Sales on Account Total Sales Schedule of Cash Receipts Cash sales Collection of cash from: Current month's sales on account Prior month's sales on account Total budgeted cash receipts 15 Determine the amount of sales that the company should report on its pro-forma quarterly Income Statement for the second quarter of 2020. (4 Points) 450000 16 Determine the accounts receivable that the company should report on its pro-forma quarterly Balance Sheet as at June 30, 2020. (4 points)