Simpson Glove Company has made the following sales projections for the next six mon March $41,000 April 50,000 May 32,000 June 47,000 July 58,000 August 62,000 Sales in January and February were $41,000 and $39,000, respectively. Experience has are uncollectible, 40 percent are collected in the month of sale, 30 percent are collecte are collected two months after sale. Prepare a monthly cash receipts schedule for the firm for March through August. March sales April sales May sales June sales July sales August sales January sales February sales Uncollectible sales% Collected in month of sale Collected in following month % Collected two months following sale % $41,000 $50,000 $32,000 $47,000 $58,000 $62,000 $41,000 $39,000 10 40 30 20