Need help understanding this two part question with collecting a cash collection, and the total accounts receivable?

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 forthe second quarter given below: April May June Total Budgeted sales (all on account) $410, 000 $610, 000 $210, 000 $1, 230, 000 ' From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $340,000, and March sales totaled $370,000. 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? 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. Required 1 Required 2 February sales March sales April sales May sales June sales Total cash collections Required 2 > 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. Required 1 RequiredZ What is the accounts receivable balance on June 30th?