pet place supplies inc a pet wholesale supplier was organized on may 1st 2016. projected sales for each of the first three months of operations are as follows:

may 134,000

june 155000

july 169000

all sales are on account sixty five percent of sales are expected to be collected in the month of the sale 30% in the month following the sale and the remaninder in the second month

prepare a schedule indicating cash collections from sales for may june and july