Question 3 - Schedule of Cash Collection and Cash Budget Silver furniture has the following actual sales for May and June, and sales budget for the 3rd quarter of 2019. Month Total Sales May (actual) 102,500 June (actual) 137,500 July 125,000 August 162,500 September 100,000 50% of sales is collected in the month of sale 35% of sales is collected in the 1st month after month of sales 15% of sales is collected in the 2nd month after month of sales (a). Prepare a cash collection schedule for July - September