Portia is a retailer of scrapbooking products. The sales forecast for the coming months is April (actual) May (actual) June July August Revenues $ 266,000 $ 291,000 $ 316, $ 366,000 $366,000 Portia's sales are all credit. The collection patter is 60% in the month of sale, 35% the following month and the remainder in the second month following the sale. Accounts receivable on April 1 were $130,500. a. Prepare a cash receipts schedule for the period June through August (by month). June July August Month of Sale Month Following 2nd Month Total Collection