Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kallua expects that, on average, 20% will be paid in the month of billing, 50% will be paid in the month following billing, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: May $84,000 100,800 77,000 86,400 88,000 June uly August September Required Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter "O". Be sure to enter percentages as whole numbers. Kailua and Company Schedule August September une July: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter "0". Be sure to enter percentages as whole numbers. Kailua and Company Schedule August September June: uly: August: September: Totai cash receipts Preparing an Accounts Payable Schedule Wight Inc. purchases raw material purchases on account: April is on account for use in production. The direct materials purchases budget shows the following ex pected $374,500 May 411,300 une 46,900 wight typically pays 30% on account in the month of billing and 70% the next month. Required 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June