Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales), Kailua expects that, on average, 20% will be paid in the month of biling, 50% will be paid in the month following biling, and 25% will be paid in the second month following bling. For the next 5 months, the following sales billings are expected: May $84,000 June 100,800 July 77,000 86,900 August September 88,000 Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter "O" Be sure to enter percentages as whole numbers Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter "0". Be sure to enter percentages as whole numbers. Kallua and Company Schedule August September June: 96 July: x 96 % August: Accounting numeric field x yo September: no Total cash receipts