Simpson Glove Company has made the following sales projections for the next six months. All sales are credit salen. March $41.000 Apr 50,000 May 32,000 June 47.000 July 58,000 August 62.000 Sales in January and Februiwy were $41.000 and $39,000.rospectively. Experience has shown that of total sales receipts 10 percentare uncollectible, 40 percent are collected in the month of sal, 30 percent are collected in the following month, and 20 percentive collected two months after sale Prepare a monthly cash receipts schedule for the firm for March through August