Schedule of Cash Collections of Accounts Recelvable Pet Stop Inci, a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: All sales are on account. Of sales on account, 52% are expected to be collected in the month of the sale, 44% in the first month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash coliections from sales for May, June, and July