PROBLEM 2. Cash Receipts Schedule (15 points) Taylor Inc. sells and installs residential water heaters. Its customers pay for their water heaters over 3 months by paying 40% in the month of sale, 50% in the first month after the sale and 10% in the second month after the sale. Taylor recorded sales of water heaters in the first six months of 2020: purcha selling produs manuf January February March April May June $48,000 $60,000 $42,000 $50,400 $54,000 $45,000 Required: Prepare a cash receipts schedule for the second quarter