Schedule of Cash Collections on Accounts Receivable and Cash Budget Bennett Inc. found that about 45% of its sales during the month were for cash. Bennett has the following accounts receivable payment experience: Percent paid in the month of sale 25 Percent paid in the month after the sale 68 5 Percent paid in the second month after the sale Bennett's anticipated sales for the next few months are as follows: April $250,000 May 290,000 June 280,000 July 295,000 August 300,000 Required: 1. Calculate credit sales for May Calculate credit sales for Dune Calculate credit sales for July Check My Work Previous o BI Next 9:44 PM 10/19/2020 1. Calculate credit sales for May. Calculate credit sales for June. Calculate credit sales for July Calculate credit sales for August. 2. Prepare a schedule of cash receipts for July and August. Round your answers to the nearest whole dollar, if necessary. If an amount box does not