Roybal Inc. sells all of its product on account. Roybal has the following accounts receivable payment expxrience! Percent paid in the month of sale 20 Percent paid in the month after the sale 55 Peront paid in the second month after the sale 23 To cncourage payment in the month of sale. Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few months are as follows: April $190,000 May 248.000 Junc 260.000 July 240.000 August 300,000 Required: 1. Prepare a schedule of cash recipts for July, 2. Prepare a schedule of cash receipts for August. (10+1