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 billing, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: Required: Prepare a schedule showino the cash expected in payments on accounts recelvable 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. Kailua and Company Schedule August September June: $100,80025%25,200 July: $77,00025%19,250 August: 56,2002017,240 $56,20043,100 September: 50,90,00020% Total cash receipts Fershack ronect an, when Partally correct