Question 4 (of 17) Save & Exit 00 points Watt's Lighting Stores made the following sales projection for the next six months. All sales are credit sales. $41,000 June 47,000 July $45,000 53,000 36,000 August 55,000 n January and February were $44,000 and $43,000, respectively. Expenence has shown that of total sales, 10 percent ane percent are collected in the month of sale, 35 percent are collected in the r uncollectible, 25 foilowing month, and 30 percent are oollected two months ater sale. a. Prepare a monthly cash receipts schedule for the firm for March through August Watt's Lighting Stores Cash Receipts Schedule in month of sale One month aher Total cash receipts