Siver Company makes o product that is very popular as a. Mother's Doy gift. Thus, peak sales oceur in May of eoch year, as shown in the company's sales budget for the second quarter given below: From past experience, the company has iearned that 20% of a month's sales are collected in the month of sole, another 60% ore negligib and can be ignored. Februory sales totaled $430,000, and March sales totaled $460.000. Required: Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts recelvable balance on June 30th? Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts recelvable balance on June 30th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Complete this question by entering your answers in the tabs below. What is the accounts receivabie batance on June Joth