Sins Company makes a product that is very popular as a Mothor's Day git. Thus, peak sales cccur in May of each year, as shown in the company's sales budget for the second quarter given beliwati. From past experience, the company has tearned that 25% of a montih's sales are collected in the month of sale, another 65% are collected in the morih tolowing sat, and the remaining 10% are collected n the second month following sale. Bed debis are reglgible and can be ignored. February sales totaled \$400,000, and March salos totaled \$430,000 Required: 1. Propare a schedule of oxpected cash cetlactions feom saltes, by month and in tolal, for the second quarter. 2. What is the accounts receivable balance on Jure soin