Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sa the company's sales budget for the second quarter given below: From past experience, the company has learned that 25% of a month's sales are collectec collected in the month following sale, and the remaining 15% are collected in the second negligible and can be ignored. February sales totaled $260.000, and March sales totaled Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for t 2. What is the accounts receivable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the se month's sales are collected in the month of sale, another 60% are re collected in the second month following sale. Bad debts are 10, and March sales totaled $290,000. by month and in total, for the second quarter. tabs below. honth and in total, for the second quarter. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in tota 2. What is the accounts receivable balance on June 30 th? Complete this question by entering your answers in the tabs below. What is the accounts receivable balance on June 30 th? Prepare a schedule of expected cash collections from sales, by month and in total, for