Silver Company makes a product with peak sales in May of each year. Its sales budget for the second quarter is given below:

The company estimates $25\%$ of a month's sales are collected in the month of sale, another $70\%$ are collected in the month following sale, and the remaining $5\%$ are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $$280,000,$ and March sales totaled $$310,000.$

Required:

Required Question $1$:

$1.$ Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

Required Question $2$:

$2.$ What is the accounts receivable balance on June $30$th$?$

Thank you so much! If correct, I will $100$ percent give a thumbs up$!$ :)