Projected Cash Receipts

Ramis Brothers Inc. needs a cash receipts schedule for the months of April, May, and June.

Actual Sales: February $=$ $$500,000,$ March $=$ $$500,000.$

Forecast Sales: April $=$$$560,000,$ May$=$ $$610,000,$ June$=$ $$650,000,$ July$=$ $$650,000$

Assuming that sales are the only source of cash inflows and that $30\%$ of them are for cash and the remainder are collected evenly over the following $2$ months.

Prepare a schedule of projected cash receipts for April, May and June.