Problem 8-123 (Algo) [LO 8-4] Portia is a retailer of scrapbooking products. The sales forecast for the coming months is: April (actual) May (actual) June July August Revenues $ 263,000 $ 288,000 $ 313,000 $ 363,000 $ 363,000 Portia's 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 $129,000. a. Prepare a cash receipts schedule for the period June through August (by month). Month of Sale Month Following 2nd Month Total Collection June July August