1. Schedule of Cash Receipts

   Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checks are deposited immediately. The bank charges $0.70 per check; the amount per check averages $70. Bad checks that Rosita cannot collect make up 4 percent of check revenue.

   During a typical month, Rosita's has sales of $44,000. About 80 percent are cash sales. Estimated sales for the next three months are as follows:

   April	$32,000
   May	44,000
   June	56,000

   Required:

   Prepare a schedule of cash receipts for May and June. Round your intermediate computations and final answers to the nearest whole dollar.

   Rosita's Mexican Restaurant
   Schedule of Cash Receipts
   For the Months of May and June
   	May	June
   Cash sales:	$fill in the blank 1	$fill in the blank 2
   Checks	fill in the blank 3	fill in the blank 4
   Total	$fill in the blank 5	$fill in the blank 6