Schedule of Cash Collections on Accounts Receivable and Cosh Budget Selig inc, found that about 35% of its sales during the month were for cash. The company has the following accounts recelvabie payment experience: Selig's anticipated sales for the next few months are as follows: Required: 1. Calculate credi sales for May. calculate credit sales for June. Calculate credit sales for July Calculate credit soles 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 require an entry, leave it blank or enter " 0 ", Be sure to enter percentages as whole numbers