Silver Company makes a product that is very popular as a Mother's Day gith. Thus, peak sales occur in May of each year, as shown in the company's soles budget for the second quarter given below: From past expertence, the company has leatned that 20% of a month's sales are collected in the month of sale, another 60% are collected in the month following sole, and the remaining 20% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $430,000, and March sales totaled 5460,000 Requlred: 1. Prepare a schedule of expected cash collectons from sales, by month and in sotal, for the second quartet. 2. What is the accounts receivable bolance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a sthedule of expected cash collections froen sales, by month and in total, for the second guarter