Sales (in dollars) July 240,000 August 280,000 September 200,000 a All sales on account, sales are expected to be collected in the following pattern: 40% 50% 10% in the month of sale in the month following sale in the second month following sale a May sales is $160,000 and June Sales is $190,000. Prepare schedule of expected cash collections, by month and for the second quarter. then answer the following questions related to this budget. 1- what is the amount of accounts receivable