Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc, a pet wholesale supplier, was organued on Jantary 1. Projected sales for each of the first three months of operations are as follows: All sales are on account, 53% of sales are expected to be collected in the month of the sale, 42% in the month following the sale, and the remainder in the second mont following the sale. Prepare a schedule indicating cash collections from sales for Lanyary, February, and March