need help on how to do this

Exercise 8-1 (Algo) Schedule of Expected Cash Collections (L08-2) Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: April May Budgeted sales (all on account) $370,000 $570,000 $180,000 $1,120,000 June Total From past experience, the company has learned that 25% of a month's sales are collected in the month of sale. another 65% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $300,000, and March sales totaled $330,000 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? Check my work $330,000 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter, 2. What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. OOK rences Required 1 Required 2 Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Schedule of Expected Cash Collections April May June Total February los March soles April sales May sales June salon Total cash collections Renu Required 2 > another 65% are collected in the month following sale, and the remaining 10% are collected following sale. Bad debts are negligible and can be ignored. February sales totaled $300,00 $330,000 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the 2. What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the accounts receivable balance on June 30th? Total accounts receivable at June 30