Portia is a retailer of scrapbooking products. The sales forecast for the coming months is:

	Revenues
April (actual)	$	251,000
May (actual)	$	276,000
June	$	301,000
July	$	351,000
August	$	351,000

Portias sales are all credit. The collection pattern 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 $123,000.

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